Media Centre The latest news about Absa Group Limited. The group is listed on the Johannesburg Stock Exchange and takes an active interest in all the African countries in which Absa is represented. Absa | Corporate and Investment Banking > Media Centre Absa Purchasing Managers’ Index March 2020 April 1, 2020 SHARE During the first quarter of 2020, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) experienced the weakest quarterly performance since 2009. The PMI averaged at 45.9 index points, compared to 47.6 in the fourth quarter of 2019. The weak quarterly outcome was despite the PMI improving to 48.1 index points in March from 44.3 index points in… Read article → PMI declines for a 4th consecutive month March 2, 2020 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined for a fourth consecutive month to reach 44.3 in February 2020. The 0.9-point decline brought the index to the lowest level since the second half of 2009 when the economy started to recover from a deep recession triggered by the global financial crisis. While four points below… Read article → CDC unveils further US$100 million trade finance agreement with Absa in major boost to trade finance in Africa January 20, 2020 SHARE Deal follows the recent announcement of CDC’s initial US $75 million risk sharing facility with Absa CDC Group plc (“CDC”), the UK’s impact investor for Africa and South Asia, has today announced at the Africa Investment Summit a US$100 million trade finance loan with Absa Bank Limited (Absa), one of Africa’s largest diversified financial services groups.… Read article → PMI continues downward trend January 8, 2020 SHARE The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged lower to 47.1 index points in December 2019 from 47.7 points recorded in November. The December figure is about one point below the average recorded through 2019. In any case, the PMI paints a bleak picture of the performance of the manufacturing sector through the year as… Read article → « Previous 1 … 3 4 5
