South Africa's Absa Manufacturing PMI fell to 51.2 in July of 2020 from a near seven-year high of 53.9 in the prior month. Both business activity and new orders rose at a slower pace while jobs continued to be shed even with activity recovering. “Some respondents noted that output remained below pre-lockdown levels,” Absa said. Also, the index tracking business conditions in six months’ time rose to the highest level in a year, but still "fairly subdued" compared to the long term average.
Manufacturing PMI in South Africa averaged 50.76 points from 1999 until 2020, reaching an all time high of 57.89 points in March of 2007 and a record low of 38.38 points in April of 2009. This page provides the latest reported value for - South Africa Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Africa to stand at 48.60 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 49.00 points in 2021 and 51.00 points in 2022, according to our econometric models.