Absa PMI suffered a record single month decline of almost 14 points in July Absa | Corporate and Investment Banking > Media & News SHARE August 2, 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) plunged in July. This signals that the output recovery in the manufacturing sector was set back notably at the start of…

Absa PMI moved lower for a third consecutive month and is now back in line with February’s level Absa | Corporate and Investment Banking > Media & News SHARE July 1, 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down slightly to 57.4 index points in June 2021 from 57.8 in May 2021. All 5…

CDC Group provides risk sharing facility to Absa to support small businesses Absa | Corporate and Investment Banking > Media & News SHARE June 8, 2021 CDC Group provides $50m risk sharing facility to Absa to support lending to small businesses and households through Microfinance and Non-Bank Financial Institutions in Africa  CDC Group’s first risk…

Absa PMI sees solid improvement in May 2021 Absa | Corporate and Investment Banking > Media & News SHARE June 1, 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to a solid 57.8 points in May 2021 from 56.2 the month before. Four of the five subcomponents remained well above the neutral 50-point mark with…

Absa appointed senior lender in solar power project Absa | Corporate and Investment Banking > Media & News SHARE May 13, 2021 Absa has been appointed as a mandated lead arranger, senior lender and hedge provider for one of South Africa’s largest Concentrated Solar Power (CSP) tower projects. The 100 MW CSP tower project, which…

Absa Purchasing Managers’ Index (PMI) sees slight decline in April 2021 Absa | Corporate and Investment Banking > Media & News SHARE May 3, 2021 Following three consecutive months of improvement, the seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined slightly to 56.2 index points in April from 57.4 in March. Despite the modest pullback, the index…

Absa Purchasing Managers’ Index (PMI) increases for the third consecutive month in March 2021 Absa | Corporate and Investment Banking > Media & News SHARE April 1, 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose for a third consecutive month to reach 57.4 index points in March, from 53 the month before. The increase was…

Absa Purchasing Managers Index (PMI) sees an uptick by 2 index points in February 2021 Absa | Corporate and Investment Banking > Media & News SHARE March 1, 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased to 53 index points in February from 50.9 in the month before. The further increase was supported by three…

Absa Purchasing Managers’ Index (PMI) sees a decline in November Absa | Corporate and Investment Banking > Media & News SHARE December 9, 2020 The Absa Purchasing Managers’ Index (PMI) (link to attached PMI Report – November 2020.pdf) declined to 52.6 index points in November from the solid 60.9 points recorded in October. The decline comes after…

OMFIF report shows African markets face extreme test of resilience due to COVID-19 Absa | Corporate and Investment Banking > Media & News SHARE November 9, 2020 Highlights: Average overall score dips to 51 out of 100 from 53 in 2019, partly due to slower market activity in the first half of 2020 and stricter scoring…