Absa PMI
Absa PMI, May 2023
Date Uploaded: Jun 1 2023 11:00AM
The Absa PMI edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of the current environment, respondents turned
read moreThe Absa PMI edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of the current environment, respondents turned notably more negative about business conditions going forward.
Absa PMI (History Data)
Date Uploaded: Jun 1 2023 11:00AM
The Absa PMI edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of the current environment, respondents turned
read moreThe Absa PMI edged down to 49.2 in May 2023 from 49.8 in April. The headline index has now signalled a deterioration in business conditions for four consecutive months. In addition to the downbeat assessment of the current environment, respondents turned notably more negative about business conditions going forward.
Absa PMI, April 2023
Date Uploaded: May 2 2023 11:00AM
The Absa PMI rose to 49.8 index points in April 2023 from 48.1 in March. Despite the improvement, the index failed to edge back above the neutral 50-point mark as business activity and new sales orders worsened relative to March. Indeed, the headline PMI
read moreThe Absa PMI rose to 49.8 index points in April 2023 from 48.1 in March. Despite the improvement, the index failed to edge back above the neutral 50-point mark as business activity and new sales orders worsened relative to March. Indeed, the headline PMI would have deteriorated further if not for a significant improvement in the inventories index. The underlying survey results suggest that the sector experienced another tough month at the start of the second quarter amid intense load-shedding hurting output, and demand remaining under pressure.
Absa PMI, March 2023
Date Uploaded: Apr 3 2023 11:00AM
The Absa PMI ticked down slightly in March to 48.1 from 48.8 in February. After a solid start to the year, this was the second straight month that the index pointed to a deterioration in business conditions in the manufacturing sector. Still, when considering
read moreThe Absa PMI ticked down slightly in March to 48.1 from 48.8 in February. After a solid start to the year, this was the second straight month that the index pointed to a deterioration in business conditions in the manufacturing sector. Still, when considering the performance of the business activity index through the entire first quarter, it suggests that output could improve from the quarterly contraction recorded in the fourth quarter of 2022.
Absa PMI, February 2023
Date Uploaded: Mar 1 2023 11:00AM
After surprising on the upside in January, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 48.8 index points in February. This was the first time since September 2022 that the headline index fell below the neutral 50-point mark,
read moreAfter surprising on the upside in January, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 48.8 index points in February. This was the first time since September 2022 that the headline index fell below the neutral 50-point mark, pointing to a marked deterioration in business conditions in the factory sector.
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, 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.