The IHS Markit South Africa PMI fell to 51 in June of of 2021 from 53.2 in the previous month. The latest reading pointed to the ninth straight month of expansion in South Africa's private sector activity but at the softest pace since March. Output fell for the first time this year and growth in new orders stalled, as the reintroduction of stricter lockdown measures during June hit costumer demand. Also, there was a renewed drop in export sales. Meanwhile, raw material shortages led to a solid increase in backlogs, which prompted firms to raise employment at the quickest rate since November 2012. On the price front,input prices rose at a marked pace in June, although the overall rate of inflation eased slightly from May’s recent high. Output charges continued to rise sharply as firms often passed these costs onto their customers. Finally, business confidence eased for the second straight month as concerns grew that COVID-19 restrictions would harm economic activity in the near future. source: Markit Economics
Composite PMI in South Africa averaged 49.20 points from 2013 until 2021, reaching an all time high of 53.70 points in April of 2021 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 IHS Markit PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Composite PMI in South Africa is expected to be 52.70 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 52.60 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 53.00 points in 2022 and 52.80 points in 2023, according to our econometric models.