Sub-Saharan African PMI’s released by Markit Economics rose in June although business conditions in the six countries that were surveyed continued to weaken. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.
After recording its lowest ever Manufacturing PMI at 43.3 points in May, FBN Quest's PMI recorded a steep rise to 53.9 points in the month of June. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more.
The rand is rallying. Eight million people are back at work. Petrol will cost one rand and eighteen cents per litre more from next month and the latest Absa Purchasing Managers Index business activity sub-index rebounded to 43.2 in May after collapsing to an all-time low of 5.1 in April. The magnitude of the increase is surprising, given that most parts of the manufacturing sector could only operate at 30 per cent of employment capacity in May due to lockdown. Miyelani Maluleke, Economist at Absa Corporate and Investment Banking joins CNBC Africa for more.
FBNQuest’s February manufacturing Purchasing Managers’ Index for Nigeria slipped to 51.7 from 53.6 in January. Chinwe Egwim, Economist at FBNQuest Merchant Bank joins CNBC Africa to discuss what influenced the decline.
The Absa Purchasing Managers Index lifted from a revised 45.1 points in September to 48.1 points in October. This sets the tone for how manufacturers in the sector view the month ahead. Joining CNBC Africa to discuss this further and whether Moody's will downgrade South Africa is Absa Senior Economist, Miyelani Malueke.
Nigeria’s Manufacturing Purchasing Index stood at 58.2 index points in October indicating an expansion in the manufacturing sector for the thirty-first consecutive month. Meanwhile, consumers’ overall confidence outlook rose in the third quarter of the year as more consumers were optimistic in their outlook. Nonso Obikili, Director at Turgot Centre for Economics & Policy Research joins CNBC Africa from Abuja to assess the operating environment for businesses in Nigeria.
Nigeria’s manufacturing sector expanded for the thirtieth consecutive month as September Purchasing Managers Index (PMI) stood at 57.7 index points, and grew at a slower rate when compared to the index in August. To discuss this and review today’s trading at Nigeria’s equities market, Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for more.