South Africa's Absa Manufacturing PMI edged down to 57.4 in June of 2021 from 57.8 in the previous month, amid fresh concerns over rising coronavirus cases and tighter restrictions. Both business activity (56.2 vs 58.8 in May) and sales (57.3 vs 60.5) increased at a slower pace, although both remained very strong. "The index tracking expected business conditions in six months' time declined for a second month to 59.2, thereby still signalling an anticipated improvement in business conditions, just less so than before," Absa said. South Africa, the worst-hit on the African continent in terms of recorded cases and deaths, returned to an adjusted form of Level 4 lockdown on June 28th. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.84 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 August 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. Looking forward, we estimate Manufacturing PMI in South Africa to stand at 52.00 in 12 months time. 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.

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South Africa Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.40 57.80 60.90 30.32 1999 - 2021 points Monthly


News Stream
South Africa Absa Manufacturing PMI Drops in June
South Africa's Absa Manufacturing PMI edged down to 57.4 in June of 2021 from 57.8 in the previous month, amid fresh concerns over rising coronavirus cases and tighter restrictions. Both business activity (56.2 vs 58.8 in May) and sales (57.3 vs 60.5) increased at a slower pace, although both remained very strong. "The index tracking expected business conditions in six months' time declined for a second month to 59.2, thereby still signalling an anticipated improvement in business conditions, just less so than before," Absa said. South Africa, the worst-hit on the African continent in terms of recorded cases and deaths, returned to an adjusted form of Level 4 lockdown on June 28th.
2021-07-01
South Africa Absa Manufacturing PMI at 7-Month High
South Africa's Absa Manufacturing PMI rose to 57.8 in May of 2021 from 56.2 in the previous month, reaching its highest level since last October. Four of the five subcomponents in the index were above the 50-point mark, with only the employment index dipping back into negative terrain, Absa said. The main positive contribution came from new sales orders (60.5 vs 58.7), despite a dip in export sales.
2021-06-01
South Africa Absa Manufacturing PMI Drops in April
South Africa's Absa Manufacturing PMI fell to 56.2 in April of 2021 from a five-month high of 57.4 in the previous month. Both business activity (50.8 vs 56.1 in March) and new orders (58.7 vs 60.4) expanded at a slower pace while employment rebounded sharply (54.4 vs 44.4).
2021-05-03
South Africa Absa Manufacturing PMI at 5-Month High
South Africa's Absa Manufacturing PMI rose to 57.4 in March of 2021 from 53 in February. The latest reading pointed to the third straight month of expansion in manufacturing activity and at the fastest pace since last October. All of the five sub-indexes improved, with new sales and exports rising sharply amid the easing of coronavirus restrictions. The only exception was employment which remained in contraction. Also, manufacturers turned slightly less optimistic about expected business conditions in six months' time, amid concerns over the slow pace of vaccination rollout.
2021-04-01

South Africa Manufacturing PMI
The Absa Manufacturing PMI is a monthly survey of purchasing managers in South Africa's manufacturing sector. The index provides leading indications of business conditions in the sector. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.