Absa PMI
Absa PMI, January 2023
Date Uploaded: Feb 1 2023 11:00AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) came in at 53.0 index points in January 2023 – virtually unchanged from 53.1 in December.
Absa PMI (History Data)
Date Uploaded: Feb 1 2023 11:00AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) came in at 53.0 index points in January 2023 – virtually unchanged from 53.1 in December.
Absa PMI, December 2022
Date Uploaded: Jan 6 2023 11:30AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third month to reach 53.1 index points in December 2022, slightly up from 52.6 in November. While the headline number is positive, the underlying picture is more mixed. Most concerning
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third month to reach 53.1 index points in December 2022, slightly up from 52.6 in November. While the headline number is positive, the underlying picture is more mixed. Most concerning was the business activity index which deteriorated further in December. This is indicative of weak underlying momentum in the sector.
Absa PMI, November 2022
Date Uploaded: Dec 1 2022 11:00AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose firmly back into expansionary terrain in November. The index rose to 52.6 points, up from 50 in October and an average level of 49.6 recorded in the third quarter.
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose firmly back into expansionary terrain in November. The index rose to 52.6 points, up from 50 in October and an average level of 49.6 recorded in the third quarter.
Absa PMI, October 2022
Date Uploaded: Nov 1 2022 11:00AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose from 48.2 index points in September to 50 in October. This is slightly better than the average recorded during the previous quarter (49.6). However, the Transnet strike and faltering global
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose from 48.2 index points in September to 50 in October. This is slightly better than the average recorded during the previous quarter (49.6). However, the Transnet strike and faltering global demand likely hurt exports, while persistent load-shedding capped the recovery in activity and demand.
Absa PMI, September 2022
Date Uploaded: Oct 3 2022 11:00AM
Following a rebound in August, the Absa PMI once again declined in September. The index fell to 48.2, from 52.1 in August and averaged 49.3 points in Q3. More intense load-shedding during the month was likely to blame for the decline relative to August.
read moreFollowing a rebound in August, the Absa PMI once again declined in September. The index fell to 48.2, from 52.1 in August and averaged 49.3 points in Q3. More intense load-shedding during the month was likely to blame for the decline relative to August. Overall, the PMI results do not bode well for a strong recovery in actual manufacturing production from a bleak Q2.
Absa PMI, August 2022
Date Uploaded: Sep 1 2022 11:00AM
Following a tough start to the third quarter, an easing in the intensity of load-shedding meant that conditions in the manufacturing sector improved in August 2022 relative to July. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked up to
read moreFollowing a tough start to the third quarter, an easing in the intensity of load-shedding meant that conditions in the manufacturing sector improved in August 2022 relative to July. The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked up to 52.1 points in August from 47.6 in the prior month.
Absa PMI, July 2022
Date Uploaded: Aug 1 2022 11:00AM
The further decline in the seasonally adjusted Absa Purchasing Managers’ Index (PMI) suggests that the manufacturing sector experienced a tough start to the third quarter following a weak second quarter. The headline index fell from 52.2 points in June to
read moreThe further decline in the seasonally adjusted Absa Purchasing Managers’ Index (PMI) suggests that the manufacturing sector experienced a tough start to the third quarter following a weak second quarter. The headline index fell from 52.2 points in June to 47.6 in July . This is the first reading below the neutral 50-point threshold since July 2021 when the looting and unrest in KwaZulu-Natal and Gauteng hurt output. Electricity supply disruptions were the likely cause of the drop in production last month.
Absa PMI, June 2022
Date Uploaded: Jul 1 2022 11:00AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 52.2 index points in June from 54.8 in May. However, the headline PMI masks a worrying deterioration in demand and activity during the month. The business activity index signalled a
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 52.2 index points in June from 54.8 in May. However, the headline PMI masks a worrying deterioration in demand and activity during the month. The business activity index signalled a contraction in output for a third consecutive month.
Absa PMI, May 2022
Date Uploaded: Jun 1 2022 2:45PM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022. A month-on-month rebound was expected after the PMI lost more than 9 points the previous month as devastating flooding in KwaZulu-Natal and
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 4.1 index points to reach 54.8 in May 2022. A month-on-month rebound was expected after the PMI lost more than 9 points the previous month as devastating flooding in KwaZulu-Natal and intense load-shedding hurt output and demand in April. However, the index did not recover all the ground lost and the average for the first two months of the second quarter is almost six points below the average recorded in the first quarter.