The seasonally adjusted Asa Purchasing Managers’ Index rebounded to 57.9 in August 2021 following a record single-month decline to 43.5 in July. Both the business activity (58.5 vs 26.6) and new sales orders (60.9 vs 31.9) recovered sharply, reflecting the less strict lockdown restrictions as well as a rise in export sales. Meanwhile, the purchasing prices (84.2 vs 77) and inventories (54 vs 39.1) rose. On the other hand, supplier deliveries (58.9 vs 72.5) dropped which suggests supply chains are still not working effectively. Finally, bucking the general positive trends in the other indices, employment edged down to 47.1 from 47.6 in July and more losses in the next quarter will be expected. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa averaged 50.83 points from 1999 until 2021, reaching an all time high of 60.90 points in October of 2020 and a record low of 30.32 points in April of 2020. 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 September of 2021.
Manufacturing PMI in South Africa is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Manufacturing PMI is projected to trend around 51.70 points in 2022 and 53.00 points in 2023, according to our econometric models.