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Petrol price (Gauteng) = 16.32/litre  Petrol price (Coastal) = 15.62/litre  CPI January '21 = 3.2% y-o-y  PPI manufacturing January '21 = 3.5%  GDP growth Q4 = -0.6% y-o-y  Prime interest rate = 7%  Unemployment rate Q4 = 32.5%  Retail sales December '20 = -1.3% y-o-y  Manufacturing output December '20 = 1.8% 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 (History Data), 2021

Last updated: Mar 1 2021 10:03AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents gaining relative to January. Only the employment index read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents gaining relative to January. Only the employment index moved lower, while the supplier deliveries index also ticked down but remained well above the neutral 50-point mark and thus supported the headline figure.


Absa PMI, February 2021

Last updated: Mar 1 2021 10:02AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents gaining relative to January. Only the employment index read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three of the five subcomponents gaining relative to January. Only the employment index moved lower, while the supplier deliveries index also ticked down but remained well above the neutral 50-point mark and thus supported the headline figure.


Absa PMI, January 2021

Last updated: Feb 1 2021 10:10AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged up slightly to 50.9 index points in January, from 50.3 in December. While up on the month before, the January reading is much lower than the average recorded in the final quarter of 2020. read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged up slightly to 50.9 index points in January, from 50.3 in December. While up on the month before, the January reading is much lower than the average recorded in the final quarter of 2020. Indeed, the business activity index declined for a fourth consecutive month which points to a further loss in the recovery momentum.


Absa PMI, December 2020

Last updated: Jan 8 2021 10:03AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the wake of April’s lockdown-induced plunge in activity.


Absa PMI (History Data), 2020

Last updated: Jan 8 2021 10:02AM

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is read more
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined further to 50.3 index points in December 2020, down from 52.6 in November. This is the lowest level since July 2020. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the wake of April’s lockdown-induced plunge in activity.


Absa PMI, November 2020

Last updated: Dec 1 2020 9:54AM

The Absa Purchasing Managers’ Index (PMI) declined to 52.6 index points in November from the solid 60.9 points recorded in October. While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s recovery is read more
The Absa Purchasing Managers’ Index (PMI) declined to 52.6 index points in November from the solid 60.9 points recorded in October. While still signalling an improvement in business conditions, the drop suggests that the manufacturing sector’s recovery is starting to lose momentum.


Absa PMI, October 2020

Last updated: Nov 2 2020 10:06AM

The Absa Purchasing Managers’ Index (PMI) rose to a solid 60.9 index points in October, up from a revised 58.5 index points in September. The further increase at the start of the fourth quarter is an encouraging sign that the manufacturing sector continues to read more
The Absa Purchasing Managers’ Index (PMI) rose to a solid 60.9 index points in October, up from a revised 58.5 index points in September. The further increase at the start of the fourth quarter is an encouraging sign that the manufacturing sector continues to recover following a record contraction in April.


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 more
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 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 more
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 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 more
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 53.9 in June, thereby staying above the neutral 50-point mark for a third consecutive month.


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