The IHS Markit South Africa PMI rose to 44.9 in July of 2020 from 42.5 in the prior month. The reading pointed to the softest contraction in the country's private sector in five months. Output, new orders and employment fell at weaker rates, helped by the further easing in restrictions which allowed some companies to return to work. Purchasing activity continued to fall as new orders remained weak, leading to an eleventh successive monthly reduction in stock levels. Meanwhile, pressures in supply chains softened somewhat. Regarding prices, input costs increased for the first time since April, mainly attributable to rising raw material prices, higher fuel costs and currency weakness. At the same time, output charges were lowered for the third month in a row, in a bid to attract clients. Looking forward, sentiment hit a 4-month high, on hopes of a swift end to the pandemic and an increase in new projects.

Composite Pmi in South Africa averaged 49.02 points from 2013 until 2020, reaching an all time high of 52.70 points in October of 2014 and a record low of 32.50 points in May of 2020. This page provides - South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Standard Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics

Composite Pmi in South Africa is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in South Africa to stand at 48.50 in 12 months time. In the long-term, the South Africa Standard Bank PMI is projected to trend around 49.00 points in 2021 and 49.60 points in 2022, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa Standard Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.90 42.50 52.70 32.50 2013 - 2020 points Monthly
SA


News Stream
South Africa Private Sector Downturn Eases Further
The IHS Markit South Africa PMI rose to 44.9 in July of 2020 from 42.5 in the prior month. The reading pointed to the softest contraction in the country's private sector in five months. Output, new orders and employment fell at weaker rates, helped by the further easing in restrictions which allowed some companies to return to work. Purchasing activity continued to fall as new orders remained weak, leading to an eleventh successive monthly reduction in stock levels. Meanwhile, pressures in supply chains softened somewhat. Regarding prices, input costs increased for the first time since April, mainly attributable to rising raw material prices, higher fuel costs and currency weakness. At the same time, output charges were lowered for the third month in a row, in a bid to attract clients. Looking forward, sentiment hit a 4-month high, on hopes of a swift end to the pandemic and an increase in new projects.
2020-08-05
South Africa Private Sector Downturn Softens in June
The IHS Markit South Africa PMI rose to 42.5 in June of 2020 from a record low of 32.5 in May. Output, new orders and export sales declined less, following the relaxation of lockdown measures which allowed several companies to reopen. Employment also fell at a weaker, albeit sharp rate, as a result of subdued demand, lower outstanding work and shorter operating hours at several businesses. Meanwhile, supply chains remained under pressure, as increased border checks and lower staffing weighed on supplier performance. Also, input purchases and stock levels were curbed as firms looked to ease cost pressures. In terms of prices, average input costs ticked down and output prices were reduced for a second month. Looking forward, sentiment improved somewhat, although firms voiced concerns of a lasting impact from the Covid-19 pandemic.
2020-07-03
South Africa Output Shrinks the Most on Record
The IHS Markit South Africa PMI declined to 32.5 in May 2020 from 35.1 in the previous month. The reading pointed to the steepest contraction in private sector activity on record, amid the national lockdown due to the coronavirus pandemic. Output, new orders and export sales shrank at the fastest pace since series began. Also, employment fell for the seventh consecutive month and the job shedding rate accelerated to the quickest on record. Also, supplier delivery times lengthened sharply amid restrictions on movement. On the price front, purchase costs declined due to a steep reduction in demand for inputs, and output charges dropped in an attempt to help maintain customer sales. Lastly, sentiment deteriorated amid expectations of an output decline over the coming year mainly due to the extension of lockdown measures.
2020-06-03
South Africa Private Sector Shrinks at Record Pace
The IHS Markit South Africa PMI dropped to 35.1 in April 2020 from 44.5 in the previous month. The latest reading pointed to the sharpest contraction in the private sector on record, amid lockdowns and business closures due to the coronavirus pandemic. Output and new orders declined to all-time lows and the job shedding rate accelerated to its highest on record. Supplier delivery times lengthened at the quickest pace since survey began. On the price front, input cost rose due to the currency weakness while output price inflation slowed to a three-month low. Finally, sentiment deteriorated to an all-time low.
2020-05-06

South Africa Standard Bank PMI
In South Africa, the Standard Bank South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.