Absa PMI
Absa PMI (History Data), 2020
Last updated: Oct 1 2020 9:40AM
Following a robust increase in August, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local
read moreFollowing a robust increase in August, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local manufacturing sector.
Absa PMI, September 2020
Last updated: Oct 1 2020 9:40AM
Following a robust increase in August, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local
read moreFollowing a robust increase in August, the Absa Purchasing Managers’ Index (PMI) ticked up further to 58.3 index points in September. The shift to a lower lockdown level mid-month likely drove the further improvement in business conditions in the local manufacturing sector.
Absa PMI, August 2020
Last updated: Sep 1 2020 10:26AM
The Absa Purchasing Managers’ Index (PMI) posted a robust increase to 57.3 index points in August, up from 51.2 in July. This points to a further improvement in conditions in the manufacturing sector as South Africa’s COVID-19 lockdown restrictions eased
read moreThe Absa Purchasing Managers’ Index (PMI) posted a robust increase to 57.3 index points in August, up from 51.2 in July. This points to a further improvement in conditions in the manufacturing sector as South Africa’s COVID-19 lockdown restrictions eased further to Level 2 in August. As a result, both business activity and new sales orders rose in August. The improvement in demand was not only due to South Africa moving to a lower lockdown level, but was also supported by an uptick in export orders.
Absa PMI, July 2020
Last updated: Aug 3 2020 12:03PM
The Absa Purchasing Managers’ Index (PMI) for July declined slightly compared to the previous month, but continued to signal a further month-on-month improvement for conditions in the manufacturing sector. The PMI declined to 51.2 index points in July from
read moreThe Absa Purchasing Managers’ Index (PMI) for July declined slightly compared to the previous month, but continued to signal a further month-on-month improvement for conditions in the manufacturing sector. The PMI declined to 51.2 index points in July from 53.9 in June, thereby staying above the neutral 50-point mark for a third consecutive month.
Absa PMI, June 2020
Last updated: Jul 1 2020 10:37AM
The Absa Purchasing Managers’ Index (PMI) for June showed that conditions continued to improve in the South African manufacturing sector. This is after most of the sector came to a near standstill during the nationwide Level 5 lockdown in April and only
read moreThe Absa Purchasing Managers’ Index (PMI) for June showed that conditions continued to improve in the South African manufacturing sector. This is after most of the sector came to a near standstill during the nationwide Level 5 lockdown in April and only partially returned to normal production levels in May. The headline PMI rose further to 53.9 index points in June, up from 50.2 in May.
Absa PMI, May 2020
Last updated: Jun 1 2020 10:41AM
After plunging to an all-time low of a mere 5.1 index points in April, the business activity index of the Absa PMI survey rose sharply to 43.2 index points in May. The increase was driven by most factories returning to production (albeit at reduced capacity)
read moreAfter plunging to an all-time low of a mere 5.1 index points in April, the business activity index of the Absa PMI survey rose sharply to 43.2 index points in May. The increase was driven by most factories returning to production (albeit at reduced capacity) during May, after the Level 5 nationwide lockdown brought manufacturing output to a near standstill in April. Many respondents reported that production was still well below normal capacity in May, but nevertheless higher than that (in some case zero production) recorded in the previous month.
Absa PMI, April 2020
Last updated: May 4 2020 10:41AM
The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in April. The decline means that manufacturing output came to a near standstill during the nationwide lockdown, with almost all respondents reporting a
read moreThe business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in April. The decline means that manufacturing output came to a near standstill during the nationwide lockdown, with almost all respondents reporting a decline in activity compared to the previous month. Indeed, many respondents indicated that zero production took place during the lockdown.
Absa PMI, March 2020
Last updated: Apr 1 2020 10:38AM
During the first quarter of 2020, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) experienced the weakest quarterly performance since 2009. The PMI averaged at 45.9 index points, compared to 47.6 in the fourth quarter of 2019. The weak quarterly
read moreDuring the first quarter of 2020, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) experienced the weakest quarterly performance since 2009. The PMI averaged at 45.9 index points, compared to 47.6 in the fourth quarter of 2019. The weak quarterly outcome was despite the PMI improving to 48.1 index points in March from 44.3 index points in February. Nonetheless, the PMI still remained in contractionary terrain for a fourteenth straight month.
Absa PMI, February 2020
Last updated: Mar 2 2020 10:46AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 in February 2020. The 0.9-point decline brought the index to the lowest level since the second half of 2009 when the economy started to recover
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 in February 2020. The 0.9-point decline brought the index to the lowest level since the second half of 2009 when the economy started to recover from a deep recession triggered by the global financial crisis. While four points below the average reading in 2019, the current level is still about six points above the lowest point reached in 2009.
Absa PMI, January 2020
Last updated: Feb 3 2020 10:29AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) started the year on the back foot and declined further in January. The PMI lost 1.9 points to reach 45.2 index points, the lowest level since September 2019. The performance of
the five major
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) started the year on the back foot and declined further in January. The PMI lost 1.9 points to reach 45.2 index points, the lowest level since September 2019. The performance of
the five major subcomponents was mixed, with two indices recovering somewhat from multi-year low levels reached in the previous month, while the three other indices declined in January.