Absa PMI
Absa PMI (History Data), 2020
Last updated: Apr 1 2020 10:40AM
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, 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.
Absa PMI, December 2019
Last updated: Jan 8 2020 10:37AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the average recorded through 2019. In any case, the PMI paints
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the average recorded through 2019. In any case, the PMI paints a bleak picture of the performance of the manufacturing sector through the year as the headline PMI only managed to edge above 50 points for two months in the year. Bouts of load shedding and persistent weak domestic demand coupled with more intense headwinds from the global economy likely weighed on activity during the year.
Absa PMI (History Data), 2019
Last updated: Jan 8 2020 10:38AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the average recorded through 2019. In any case, the PMI paints
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the average recorded through 2019. In any case, the PMI paints a bleak picture of the performance of the manufacturing sector through the year as the headline PMI only managed to edge above 50 points for two months in the year. Bouts of load shedding and persistent weak domestic demand coupled with more intense headwinds from the global economy likely weighed on activity during the year.
Absa PMI, November 2019
Last updated: Dec 2 2019 10:44AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down compared to the previous month.
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline was broad-based as four of the five subcomponents of the headline PMI nudged down compared to the previous month. Despite the decline, the average level of the PMI in October and November is still slightly above that recorded in the third quarter.
Absa PMI, October 2019
Last updated: Nov 1 2019 10:25AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.1 index points in October, up from a revised 45.1 index points in September. The October level was slightly higher than the average of 47.3 recorded during the third quarter and in line
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 48.1 index points in October, up from a revised 45.1 index points in September. The October level was slightly higher than the average of 47.3 recorded during the third quarter and in line with the average of 48.3 points recorded during the first nine months of the year.
Absa PMI, September 2019
Last updated: Oct 1 2019 8:41AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August. This was the second consecutive large fall in the PMI and brought the index more than 10 points below a recent high of 52.1
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August. This was the second consecutive large fall in the PMI and brought the index more than 10 points below a recent high of 52.1 points reached in July. At the time, we did caution that given weak underlying demand conditions, the robust July reading was unlikely to be sustained.
Absa PMI, August 2019
Last updated: Sep 2 2019 10:42AM
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 45.7 index points in August, down from 52.1 in July. While the magnitude of the decline may have been larger than anticipated, a fall in the PMI in August was not totally unexpected.
read moreThe seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 45.7 index points in August, down from 52.1 in July. While the magnitude of the decline may have been larger than anticipated, a fall in the PMI in August was not totally unexpected. This followed on July’s surprisingly solid reading despite the weak domestic demand environment and growing concerns about the health of the global economy.