9,549.89 TRY BIST 100 BIST 100
4.80 CNY CNY CNY
34.58 USD USD USD
36.23 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
74.60 USD Fossil Oil Fossil Oil
30.71 USD Silver Silver
4.16 USD Copper Copper
100.33 USD Iron Ore Iron Ore
364.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,961.97 TRY Gold (gr) Gold (gr)

South Africa's manufacturing output increased in April

South African manufacturing activity improved in April, with the seasonally adjusted PMI survey above 50 points. Export sales declined and power outages may be limited.

South Africa's manufacturing output increased in April

In the South African manufacturing sector, the latest data from the Purchasing Managers' Index (PMI) survey indicate an increase in activity in April. The seasonally adjusted PMI rose to 54.0 points, surpassing the critical 50-point threshold that signifies expansion.

The PMI survey, supported by Absa, highlighted several factors contributing to this positive trend. One key factor was the absence of load shedding, the practice of planned power outages implemented by state energy utility Eskom to manage electricity demand, which often disrupts economic activity. Uninterrupted electricity supply throughout the period under review was seen as favorable for sustaining industrial production.

Domestic orders showed strong growth, while export sales were more subdued. Some respondents cited sluggish demand as a contributing factor in relation to potential challenges in the global market environment.

Eskom, responsible for the country's electricity supply, offered a glimmer of hope regarding future energy stability. The company announced its intention to potentially limit power outages during the winter months, which run from April to August. Such a move could provide further support to manufacturing activities by ensuring a more consistent and reliable power supply, thus supporting uninterrupted production processes.

The improvement in April PMI figures underlines a cautiously optimistic outlook for the South African manufacturing sector. However, challenges such as uneven export performance and lingering concerns over energy supply reliability require continued vigilance as the sector strives for sustainable growth and resilience.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Linde Gas Polska cooperates with ArcelorMittal Poland

Monday, November 25, 2024

Rising local scrap prices and import patterns in UAE's steel sector

Monday, November 25, 2024

Downward trend in the Turkish steel market: Rebar and billet prices under pressure

Monday, November 25, 2024

SAIL signs deal with Danieli to set up bar mill in Durgapur

Monday, November 25, 2024

BENTELER supplies CliMore® sustainable tubes to the construction industry

Monday, November 25, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now