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Absa Manufacturing Survey reveals decline in business confidence amid economic challenges
Cape Times
|June 20, 2025
MANUFACTURING business confidence dipped in the second quarter amid domestic and global uncertainty.
This was revealed in the second quarter 2025 Absa Manufacturing Survey. Business confidence declined marginally to 33 points, down from 34 in quarter one, an outcome some noted could have been significantly worse given prevailing conditions.
The manufacturing survey was conducted by the Bureau for Economic Research (BER) drawing insights from approximately 700 manufacturing businesses. Economists have echoed similar sentiments. The confidence index ranges from 0 (no confidence) to 100 (extreme confidence). Absa said domestically, manufacturers also faced several challenges. These included subdued product demand, rising electricity tariffs and water supply disruptions - particularly in Gauteng, compounding to the sector's strain.
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