South African Factory Conditions Deteriorate Further, Absa PMI Shows

South African factory conditions deteriorate further, Absa PMI shows

A gauge of South African manufacturing sentiment fell further in May, with survey respondents citing persistent logistical issues that have held back demand.

PMI contracts for seventh consecutive month

The seasonally adjusted ABSA Purchasing Managers’ Index (PMI) declined by 1.6 points to 43.1 in May, marking a seventh consecutive month in contractionary territory and suggesting ongoing weakness in the manufacturing sector, despite some tentative signs of recovery in domestic demand. Key highlights from the May 2025 PMI include: Business conditions outlook improves sharply: The index tracking expected business conditions in six months’ time s…

Factory conditions deteriorate further, Absa PMI shows

By Reuters A gauge of South African manufacturing sentiment fell further in May, with survey respondents citing persistent logistical issues that have held back demand. The seasonally-adjusted Purchasing Managers’ Index (PMI) sponsored by South African bank Absa declined to 43.1 points from 44.7 in April. It was the seventh straight month that the headline PMI has been below 50, reflecting a deterioration in business conditions. One bright spot …

South African Cabinet Approves National Labour Migration Policy 2025 White Paper

In a significant move to regulate labour migration and address employment challenges, the South African Cabinet has approved the National Labour Migration Policy (NLMP) 2025 White Paper for implementation. The NLMP aims to balance the country’s labour market needs with the rights of migrant workers, ensuring fair and ethical recruitment practices. It seeks to promote skills development among South Africans while managing the inflow of foreign wo…