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.