Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Afternoon clouds. Mild.
"We simply don't know what the impact or even the potential impact could be. We only have SARS in 2003 to base assumptions on."
IHS Markit said it was "the steepest downturn for nearly seven years" and the data was "sending increasingly grim signals for the fourth quarter".
A gauge measuring sentiment in South Africa’s manufacturing industry rose to a three-month high in April but has had the worst start to the year since the financial crisis.
For the second month in a row, respondents to the Absa Purchasing Managers' Index have scaled back their optimism about future business conditions.
While the Absa Manufacturing Purchasing Managers’ Index declined in January, a subindex tracking expected business conditions in six months’ time to rise.
Business conditions in the private sector deteriorated for the sixth consecutive month, but there are signs of a turnaround in the economy, according to the IHS Markit Purchasing Manager's Index for December.
South Africa’s manufacturing sector got off to a poor start in the fourth quarter as an index tracking factory activity fell to a 15-month low in October.
An index tracking South African manufacturing activity posted its worst reading in 13 months in August as new sales orders dropped.
The BER/Absa Purchasing Managers’ Index came in weaker than expected in June, losing 1.9 points to reach 47.9, down from 49.8 points in May.
ABSA's Purchasing Managers’ Index rose to 50.9 points in April on the back of new sales orders, after dipping below the 50-point mark in March.
Absa Purchasing Managers’ Index only managed to rise above 50 points for two months in 2019.
The index rose from 48.8 in March to 50.3 in April, only the second improvement in business conditions in 10 months.
The Absa Purchasing Manager's Index for April 2019 rose 2.2 points to 47.2, the first increase following three months of decline.
Global markets are rallying after Chinese industrial data smashed predictions to paint a rosier-than-expected picture of the world economy.
For the first time since July 2018, respondents in the Absa Purchasing Managers' Index expect business conditions to improve in six months' time.
Analysts say there is a good chance that SA will officially exit its recession when Stats SA releases third quarter GDP figures this week.
Economic policy uncertainty and increased cost pressures on consumers saw the August PMI slip to its lowest level since April 2016, says Standard Bank.
The latest Standard Bank Purchasing Managers' Index has signalled a contraction in SA's private sector during the last month.
The impact of the recent listeria outbreak, labour strikes and a VAT hike contributed to a dip in the purchasing managers' index, the latest PMI data from Standard Bank showed
There has been a continued modest improvement in the health of the South African private sector in March as indicated by the latest Standard Bank PMI.
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