Absa South Africa Manufacturing Purchasing Managers Index (PMI)

Country:
South Africa
ZAR, South African rand
Sector:
Business
Medium 53.9 46.2
50.2
Last release Importance Actual Forecast
Previous
46.6
53.9
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Absa Manufacturing Purchasing Managers Index (PMI) is an indicator of business conditions in the South African manufacturing sector. It is compiled by the South African Bureau of Economic Research and is sponsored by Absa. The indicator is based on the popular and widely used PMI index from the IHS Institute for Supply Management.

To calculate the component indices, the Bureau of Economic Research conducts monthly surveys of purchasing managers from manufacturing companies. The managers are offered to evaluate the state of a specific activity (for example, production) in their company: whether it has increased, decreased or has not changed. The index value is calculated as a sum of the percentage of respondents reporting an increase and half of responses reporting no change. In this index, 50 means no changes, a value above 50 means an increase in activity, while a value below 50 indicates a decrease.

The total PMI index is calculated as the weighted average of the following indices (weights in brackets): business activity (0.05), new orders (0.20), employment (0.20), supplier deliveries (0.40) and inventories (0.15).

The manufacturing PMI is especially closely monitored by analysts. The manufacturing sector is a supplier of goods for the primary industry (agriculture and mining), as well as for the tertiary industry (for example, retail and wholesale). Thus it is believed that changes in economy begin with the manufacturing sector.

PMI is interpreted as a leading indicator of production and inflation. PMI growth indicates favorable market conditions and it can be seen as positive for the South African rand.

Last values:

actual data

forecast

The chart of the entire available history of the "Absa South Africa Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
53.9
46.2
50.2
May 2020
50.2
44.6
46.1
Apr 2020
46.1
46.2
48.1
Mar 2020
48.1
46.3
44.3
Feb 2020
44.3
46.4
45.2
Jan 2020
45.2
46.5
47.1
Dec 2019
47.1
46.4
47.7
Nov 2019
47.7
48.1
Oct 2019
48.1
41.6
Sep 2019
41.6
45.7
Aug 2019
45.7
52.1
Jul 2019
52.1
46.2
Jun 2019
46.2
45.4
May 2019
45.4
47.2
Apr 2019
47.2
45
Mar 2019
45
46.2
Feb 2019
46.2
49.9
Jan 2019
49.9
50.7
Dec 2018
50.7
49.5
Nov 2018
49.5
42.4
Oct 2018
42.4
44.5
Sep 2018
43.2
43.4
Aug 2018
43.4
51.5
Jul 2018
51.5
47.9
Jun 2018
47.9
49.8
May 2018
49.8
50.9
Apr 2018
50.9
46.9
Mar 2018
46.9
50.8
Feb 2018
50.8
49.9
Jan 2018
49.9
44.9
Dec 2017
44.9
48.6
Nov 2017
48.6
47.8
Oct 2017
47.8
44.9
Sep 2017
44.9
44
Aug 2017
44
42.9
Jul 2017
42.9
46.7
Jun 2017
46.7
51.5
May 2017
51.5
44.7
Apr 2017
44.7
52.2
Mar 2017
52.2
52.5
Feb 2017
52.5
50.9
Jan 2017
50.9
46.7
Dec 2016
46.7
48.3
Nov 2016
48.3
45.9
Oct 2016
45.9
48.5
Sep 2016
49.5
46.3
Aug 2016
46.3
52.5
Jul 2016
52.5
53.7
Jun 2016
53.7
51.9
May 2016
51.9
54.9

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview