Browsing: Absa PMI

There has been a particularly steep decline in expected business conditions, a survey showed on Thursday.

Manufacturing activity contracted for the first time in a year in July, when South Africa experienced severe power cuts, Absa said on Monday.

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index expanded in June as an easing of coronavirus restrictions lifted business activity and sales.

South Africa’s seasonally adjusted Absa Purchasing Managers’ Index expanded in May with factories gradually restarting activity as the coronavirus lockdown eased, helping to lift production and sales.