Unchanged PMI dashes hopes that August decline was temporary
The average level of the PMI in Q3 of 2018 was 46 index points, which is the lowest average since Q3 of 2017 and 3.5 points below the average recorded in Q2 of 2018. |
Sharp fall in PMI possibly reflects bleak sentiments around land debate
Overall, the average level of the PMI recorded during the first two months of Q3 of 2018 was 47.5, which is below the neutral 50-point mark and two points below the average recorded in Q2 of 2018. The deterioration was driven by sharp declines in the New Sales Orders Index as well as the Business Activity Index. However, inventories and supplier deliveries came in above the neutral 50-point mark in August, which provided some support to the headline PMI, noted the Bureau for Economic Research (BER). |
July PMI reaches 51.5 − manufacturing "off to a good start" in Q3
"This suggests that the manufacturing sector got off to a good start in the first month of Q3 of 2018", said the Bureau for Economic Research, who conducts the survey. |
June PMI falls further, dragged by sentiment around expected business conditions
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PMI retreats, but Q2 averages higher than Q1
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April PMI rises above Q1 average and exceeds 50-point mark
The improvement in the headline PMI was driven by increases in four of the five key sub-components, with only the Supplier Deliveries Index dipping lower compared to March. However, with the exception of the New Sales Orders Index, which is firmly in positive terrain, the other four sub-components remained below the neutral 50-point mark, said the Bureau for Economic Research. |
March PMI retreats - stronger rand affecting competitiveness of local goods in international markets
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Improved business activity pushes PMI above crucial 50-point mark
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January PMI rebounds from December fall
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PMI sustains rally for 4th consecutive month
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October sees 5 major PMI subcomponents increase The seasonally adjusted Absa Purchasing Managers' Index (PMI) continued its upward trend in October 2017, rising by 2.9 points to reach 47.8. This was the third consecutive increase and brought the index to its best level since May 2017. Nonetheless, the PMI remained stuck below the neutral 50-point mark.
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September PMI up, but still subdued
 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose by 0.9 index points to 44.9 in September 2017. Despite the second straight improvement, the index remained well below the neutral 50-point mark for a fourth month. Encouragingly, the rise was supported by the key subcomponents, with four out of five increasing compared with August.
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August PMI improves from July slump
 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) improved to 44 index points in August, after slumping to its lowest level since 2009 in July (42.9 points). The improvement was broad based, with four of the five major subcomponents increasing in August. However, despite ticking higher, the key sub-indices remained below the neutral 50-point mark. This suggests that the manufacturing sector is still under significant pressure and does not bode well for manufacturing output (and overall GDP) in Q3 2017.
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PMI - SA's manufacturing sector performance disappoints
 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) had a tough start to Q3 2017, declining by 3.8 points to 42.9 in July. The headline PMI was last at such a depressed level in the second half of 2009 - a period of very weak underlying economic performance. All five of the major PMI sub-indices declined in July.
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PMI indicator does not bode well for output growth The seasonally adjusted Absa’s Purchasing Managers’ Index (PMI) declined from 51.5 index points in May 2017, to 46.6 index points in June 2017. The Bureau of Economic Research (BER) said that “the deterioration was broad-based, with four of the five main subcomponents moving lower, compared with May.” The BER added that “the recent volatility is probably driven – or at least exacerbated – by continued uncertainty about the outlook for the domestic economy.” The uncertainty likely results in more erratic domestic orders, which may filter through to more volatile output patterns on a month-to-month basis.
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Manufacturing outlook down as PMI slumps
The seasonally adjusted ABSA Purchasing Managers’ Index (PMI) slumped in April 2017, after a solid performance during Q1 2017. The index fell to 44.7 index points from an average of 51.9 during Q1.
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The Purchasing Managers' Index (PMI) remained virtually unchanged at a weak level of 43.2 points in September 2018. "The latest figure dashes any hope that the sharp PMI decline in August was a once-off occurrence", said the Bureau for Economic Research (BER) in its monthly PMI report.
The seasonally-adjusted Absa Purchasing Managers' Index (PMI) declined to 43.4 points in August from 51.5 points recorded in July. August's level is the lowest recorded in more than a year.
The seasonally-adjusted Absa Purchasing Managers' Index (PMI) rose to 51.5 index points in July, up from 47.9 in June. The current level is comfortably above the neutral 50-point mark and is supported by four out of five key sub-components being in positive terrain.
The seasonally-adjusted Absa Purchasing Managers' Index (PMI) fell further below the neutral 50-point mark in June. The index lost 1.9 points to reach 47.9, down from May's 49.8 points. The dip means that the average level recorded during Q2 of 2018 is only 0.3 points above Q1 of 2018's average and still below the key 50-point level. This suggests that the sector is unlikely to stage a solid recovery after output contracted on a quarter-on-quarter basis in Q1 of 2018.
The seasonally-adjusted Absa Purchasing Managers' Index (PMI) dipped back to just below the neutral 50-point mark in May. The index declined to 49.8 index points, down from 50.9 in April. Despite the fall, the average level of 50.4 points recorded during the first two months of Q2, 2018, is not only above the neutral 50-point mark, but also higher than the 49.2 index points registered in Q1, 2018. This bodes well for a recovery in the manufacturing sector, after manufacturing output contracted on a quarter-on-quarter basis in Q1, 2018.
The seasonally-adjusted Absa Purchasing Managers' Index (PMI) erased the losses sustained in March and edged back above the neutral 50-point mark in April. The index rose by 4 points to reach 50.9 index points in April. This is relatively in line with the level recorded in February and above the average recorded during the first three months of the year.
The seasonally adjusted Purchasing Managers' Index (PMI) retreated below the neutral 50-point mark in March after encouraging improvements during the first two months of 2018. The index shed 3.9 points to reach a level of 46.9 in March, off of February's 50.8 points.
