South Africa: Absa Purchasing Managers' Index Dips in December, Signalling a Tepid Recovery in Manufacturing

analysis

The recovery in South Africa's manufacturing sector remains tepid, at best. The Absa Purchasing Managers' Index, one key barometer of the sector's health, declined in December. The only silver lining is that it remains in expansionary territory above the neutral 50 mark.

The Absa Purchasing Managers' Index (PMI) in December stumbled 3.1 points to 54.1, with all of the major subindices, bar the one for inventories, losing ground.

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