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Petrol price (Gauteng) = 20.14/litre  Petrol price (Coastal) = 19.42/litre  CPI April '22 = 5.9% y-o-y  PPI manufacturing March '22 = 11.9%  GDP growth Q4 = 1.8% y-o-y  Prime interest rate = 7.75%  Unemployment rate Q4 = 35.3%  Retail sales March '22 = 1.3% y-o-y  Manufacturing output February '22 = 0.2% y-o-y 
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Absa PMI

The Absa Purchasing Managers’ Index™ (PMI™) compiled by the Bureau for Economic Research (BER) and sponsored by Absa, is based on the widely used and highly regarded Purchasing Managers Index (PMI) produced by the Institute for Supply Management (ISM) in the USA.

The headline PMI is calculated as the weighted average of the following indices (weights in parentheses): Business Activity (0.20), New Orders (0.20), Employment (0.20), Supplier Deliveries (0.20) and Inventories (0.20). Note that the inverse of the Supplier Deliveries index is used in the PMI calculation.

The survey from which the indices are compiled require the respondents to indicate each month, whether a particular activity (e.g. production) for their company has increased, decreased or remained unchanged. The indices are then calculated by taking the percentage of respondents that reported an increase and adding it to one-half of the percentage that reported no change. This results in an index for which a value of 50 indicates no change in the activity, a value above 50 indicates increased activity and a value below 50 indicates decreased activity.

Download this file for more details of the South African manufacturing PMI as well as definitions to use with the interpretation of the survey questionnaire (updated November 2020).

Absa PMI, April 2022

Last updated: May 3 2022 10:08AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, the decline in the headline PMI was due to a sharp drop in the business activity and new sales orders indices, this time amid devastating flooding in parts of KwaZulu-Natal.


Absa PMI (History Data)

Last updated: May 3 2022 10:09AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell sharply to 50.7 index points in April 2022. This is the lowest level of the PMI since July 2021 when unprecedented looting and rioting shook local production and demand. As was the case then, the decline in the headline PMI was due to a sharp drop in the business activity and new sales orders indices, this time amid devastating flooding in parts of KwaZulu-Natal.


Absa PMI, March 2022

Last updated: Apr 1 2022 11:28AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased for a third consecutive month to reach 60.0 in March, up from 58.6 in February. The sustained improvement in the headline PMI bodes well for the continued recovery of the manufacturing sector after it was dealt a blow in the third quarter of last year. Indeed, the PMI suggests that the sector should record a robust quarterly expansion in the first quarter of this year.


Absa PMI, February 2022

Last updated: Mar 1 2022 10:18AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 58.6 index points in February 2022, following a three-point rise to 57.1 in January. The improvement was driven by increases in all five subcomponents making up the headline PMI, suggesting read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 58.6 index points in February 2022, following a three-point rise to 57.1 in January. The improvement was driven by increases in all five subcomponents making up the headline PMI, suggesting that the manufacturing sector continued to fare well during the second month of the year.


Absa PMI, January 2022

Last updated: Feb 1 2022 8:44AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered from December’s loss of momentum and rose to 57.1 index points in January 2022, following a dip to 54.1 in December 2021. The current level is in line with November’s reading, but above read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered from December’s loss of momentum and rose to 57.1 index points in January 2022, following a dip to 54.1 in December 2021. The current level is in line with November’s reading, but above the average recorded in the fourth quarter of 2021 and reflects a strong start to the year for the manufacturing sector.


Absa PMI, December 2021

Last updated: Jan 7 2022 8:49AM

The Absa PMI lost some momentum in December 2021 but remained in expansionary territory. The headline index declined by 3.1 points to 54.1. Excluding inventories, all the major subcomponents were lower in December. read more
The Absa PMI lost some momentum in December 2021 but remained in expansionary territory. The headline index declined by 3.1 points to 54.1. Excluding inventories, all the major subcomponents were lower in December.


Absa PMI, November 2021

Last updated: Dec 1 2021 8:56AM

The Absa PMI recorded a solid increase in November, gaining 3.6 points to 57.2. This was the highest level for the headline PMI since before the COVID-19 third wave and the social unrest shock in July. read more
The Absa PMI recorded a solid increase in November, gaining 3.6 points to 57.2. This was the highest level for the headline PMI since before the COVID-19 third wave and the social unrest shock in July.


Absa PMI, October 2021

Last updated: Nov 2 2021 9:59AM

The Absa PMI lost further ground in October, declining to 53.6 from a downwardly revised 54.7 in September. At least two key developments in October help to explain the almost 4-point drop (to 46.1) in the business activity index. These are the three-week read more
The Absa PMI lost further ground in October, declining to 53.6 from a downwardly revised 54.7 in September. At least two key developments in October help to explain the almost 4-point drop (to 46.1) in the business activity index. These are the three-week strike in the steel and engineering sector and the return of Eskom load-shedding. Supplier delivery lead times and purchasing prices remained elevated in October, highlighting the continued pervasive impact of global bottleneck pressures.


Absa PMI, September 2021

Last updated: Oct 1 2021 9:13AM

At 56.8, the Absa manufacturing PMI declined somewhat in September from the 57.9 points recorded in August.


Absa PMI (History Data), 2021

Last updated: Sep 1 2021 8:20AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rebounded in August 2021 following a record single-month decline in July. The PMI more than recovered from last month’s steep decline and rose to 57.9 points in August from a very low 43.5 points read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rebounded in August 2021 following a record single-month decline in July. The PMI more than recovered from last month’s steep decline and rose to 57.9 points in August from a very low 43.5 points in July.


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