The ABSA Manufacturing PMI for South Africa increased to 49.5 in November of 2018 from 42.4 in the previous month. The reading pointed to the first increase in four months in factory activity, still remaining in contraction territory, as new orders rose at the fastest pace since May and business activity advanced. Manufacturing PMI in South Africa averaged 51.07 from 1999 until 2018, reaching an all time high of 60.87 in April of 2002 and a record low of 35.09 in April of 2009.
Manufacturing PMI in South Africa is expected to be 46.00 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 51.00 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.