The IHS Markit South Africa PMI decreased to 50.2 in February of 2021 from 50.8 a month earlier, indicating a slower recovery in business conditions, as new order was again broadly unchanged, while output expanded slightly. Meanwhile, employment fell to the greatest extent since last October, amid a reduction in outstanding work. On the prices front, input cost inflation accelerated, due to a rise in prices of raw materials. As a result, output prices rose to the fastest pace in four months, albeit lower than input prices. Lastly, business confidence strengthened to the strongest since before the COVID-10 outbreak, amid hopes that the pandemic will end in the near future and that easing restrictions will allow more businesses to reopen. source: Markit Economics
Composite PMI in South Africa averaged 49.06 points from 2013 until 2021, 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 IHS Markit PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Composite PMI in South Africa is expected to be 46.00 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 50.00 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 51.00 points in 2022, according to our econometric models.