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The Absa Manufacturing Survey is a brisk quarterly report on the results and implications of the latest BER survey of manufacturing firms. Released in advance of official indicators of activity, it provides reliable and up-to-date information on current trends and valuable perspectives on the outlook for the sector.
Apart from business confidence, the survey data highlights current and expected trends in business conditions, domestic as well as export sales volumes, production volumes, the number of factory workers, input costs and selling prices, fixed investment and stock levels.
The survey covers the various important manufacturing subsectors as well as the main provinces (Western Cape, KwaZulu-Natal and Gauteng).
Date Uploaded: June 12 2024 08:00
Following a five-point drop in Q1, the Absa Manufacturing Survey showed that manufacturing business confidence gained 7 points to 28 points in 2024Q2. While it still remains below the long-term average of 36 points, this is the highest confidence level in about two years.