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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: September 16 2024 09:00
Manufacturing business confidence remained flat at 28 index points in Q3, the same as in 2024Q2 and the highest level in two years. Even though confidence remains below the long-term average of 36 points, activity remained severely constrained, and the unchanged confidence reading reflects some resilience in sentiment.