The IHS Markit South Africa PMI fell to 48.6 in October of 2021, the lowest since July, from 50.7 in the previous month, pointing to a renewed contraction in the country's private sector. Output and new orders decreased sharply, largely caused by a two-week metalworkers strike and shortages of raw materials. As a consequence, South African companies reduced further their staff numbers and purchasing of new inputs. Sales to foreign clients also declined to the greatest extent in over a year. On the price front, input price inflation accelerated for the second month in a row, driven by rises in the cost of raw materials, fuel and transport, as well as a weaker exchange rate against the US dollar. Output charges softened despite remaining sharp overall. Lastly, expectations for future output fell for the first time in three months in October but remained strong overall and above the series trend. source: Markit Economics

Composite PMI in South Africa averaged 49.27 points from 2013 until 2021, reaching an all time high of 54.70 points in September 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 November of 2021.

Composite PMI in South Africa is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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South Africa IHS Markit PMI


Related Last Previous Unit Reference
Composite PMI 48.60 50.70 points Oct/21

News Stream
South Africa Private Sector Shrinks in October
The IHS Markit South Africa PMI fell to 48.6 in October of 2021, the lowest since July, from 50.7 in the previous month, pointing to a renewed contraction in the country's private sector. Output and new orders decreased sharply, largely caused by a two-week metalworkers strike and shortages of raw materials. As a consequence, South African companies reduced further their staff numbers and purchasing of new inputs. Sales to foreign clients also declined to the greatest extent in over a year. On the price front, input price inflation accelerated for the second month in a row, driven by rises in the cost of raw materials, fuel and transport, as well as a weaker exchange rate against the US dollar. Output charges softened despite remaining sharp overall. Lastly, expectations for future output fell for the first time in three months in October but remained strong overall and above the series trend.
2021-11-04
South Africa Private Sector Activity Rebounds in September
The IHS Markit South Africa PMI increased to 50.7 in September of 2021 from 49.9 in August, when lockdown measures were eased to Level 2. Output expanded for the first time since May, as improving economic conditions drove increased activity and customer demand. At the same time, new orders expanded slightly, also benefiting from the easing lockdown restrictions. Conversely, employment levels were reduced slightly as businesses looked to lower their payroll costs after the lockdown-induced downturn. On the price front, price pressures on inputs accelerated for the first time in four months, with overall costs up sharply, mainly due to a weaker currency against the US dollar. Looking forward, business confidence strengthened to its highest in over six years.
2021-10-05
South Africa Private Sector Activity Attempts to Rebound
The IHS Markit South Africa PMI increased to 49.9 in August of 2021 from an 11-month low of 46.1 in July when unrest and COVID-19 lockdown measures hurt the private sector sharply. The August reading signalled a broad stabilisation of operating conditions in the private sector economy. Whilst demand levels remained weak for some companies, others saw new business recover as lockdown eased and client confidence strengthened. Raw material shortages remained severe, however, driving backlogs higher and contributing to further supplier delays. As a result, input prices and output charges continued to rise sharply, although rates of inflation eased for the third month running.
2021-09-03

South Africa IHS Markit PMI
In South Africa, the IHS Markit 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.