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Purchasing Managers' Index
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The Stanbic Bank Kenya Purchasing Managers' Index rose to 50 in June from 46.6 in May, returning to growth territory as inflation slowed to 6.4% year-on-year from 6.7%. The finance ministry forecasts economic growth of 5.0% this year and 5.2% next year, up from 4.6% last year.
Absa manufacturing PMI slips back below neutral mark as demand softensAbsa's PMI fell 3.5 points to 47.3 in June from 50.8 in May, dropping below the neutral 50-point mark after two months of expansion. New sales orders tumbled to 40.6 from April's high of 52.9, with respondents suggesting buyers are holding off on purchases in anticipation of further price declines following the easing of Middle East tensions.
Price pressures ease as Iran-linked tensions de-escalate, though supply chains remain slowAbsa's purchasing price index fell 13.5 points to 71.3, suggesting April and May marked the peak of cost pressures, aided by fuel price cuts effective July 1 following a US-Iran memorandum of understanding and a lower Brent crude price. The expected business conditions index rose to 56.6 from 52.9, though supplier delivery times remain slower than usual, indicating supply chains have not yet normalised.
Purchasing Managers' Index Updates
Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined from 50.8 in May to 47.3 index points in June. The sharp decline in the PMI’s purchasing price index by 13.5 points to 71.3...
South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday. The S&P Global...
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) remained above the neutral 50-point mark for a second consecutive month, although the index declined by 1.8 points to 50.8 in May from...
While global growth is expected to slow to 2.4% for the year, down from the previously projected 2.9%, growth in sub-Saharan Africa is still expected to reach 4.1% this year and 3.8% in 2027,...
The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to a 44-month high in April, which S&P Global Market Intelligence senior economist David Owen says marked a surprise boost to the...
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose above the neutral 50-point mark for the first time since September 2025, increasing to 52.6 in April, from 49 in March. The...
South Africa's private sector activity held steady in February, with the Purchasing Managers' Index holding at 50 for the second straight month, an S&P Global survey showed on Wednesday. While...
The seasonally adjusted Absa Purchasing Managers' Index (PMI) rose by 8.2 points to 48.7 in January, marking a significant recovery from December’s slump. Although still below the neutral 50-point...
The seasonally adjusted Absa Purchasing Managers' Index (PMI) rose by 8.2 points to 48.7 in January, marking a significant recovery from December’s slump, says financial services firm Absa....
Financial information, analytics and market intelligence company S&P Global’s South Africa Purchasing Manager’s Index (PMI) ended 2025 in its weakest position for the year. The headline PMI dropped...
South African firms saw a further decline in business conditions in November, signalling a weak end to 2025 after the contraction in October. Output and new orders decreased for a second month...
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell by 7.2 index points to 42 in November, with Absa reporting that the decline was driven by deteriorations in four of the...
South Africa's private sector activity contracted for the first time in seven months in October, as firms faced a renewed downturn in output and orders, S&P Global reported on Wednesday. The South...
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