South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell to 50.8 in May 2026 from 52.6 in the prior month, pointing to a second consecutive month of expansion, albeit significantly below April’s robust increase. The slowdown reflected fading demand brought forward in April, weaker new orders, and higher input costs driven by a softer rand and rising oil prices. Production moved back into contraction, with the index falling to 43.5 from 52.8. New sales orders also declined, slipping to 44.6 from 52.9. The index tracking expected business conditions in six months rose to 52.9 from 47.4 in the prior month. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa decreased to 50.80 points in May from 52.60 points in April of 2026. Manufacturing PMI in South Africa averaged 50.63 points from 1999 until 2026, reaching an all time high of 59.99 points in April of 2021 and a record low of 30.88 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.

Manufacturing PMI in South Africa decreased to 50.80 points in May from 52.60 points in April of 2026. Manufacturing PMI in South Africa is expected to be 50.30 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 52.00 points in 2027, according to our econometric models.



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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.

News Stream
South Africa Factory Activity Growth Cools: Absa
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) fell to 50.8 in May 2026 from 52.6 in the prior month, pointing to a second consecutive month of expansion, albeit significantly below April’s robust increase. The slowdown reflected fading demand brought forward in April, weaker new orders, and higher input costs driven by a softer rand and rising oil prices. Production moved back into contraction, with the index falling to 43.5 from 52.8. New sales orders also declined, slipping to 44.6 from 52.9. The index tracking expected business conditions in six months rose to 52.9 from 47.4 in the prior month.
2026-06-01
South Africa Factory Activity Returns to Growth: Absa
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 52.6 in April 2026 from 49 in March, signaling a renewed expansion in factory activity for the first time since last September. Activity grew at its fastest pace since October 2024, driven by a rebound in output and new orders amid stronger domestic demand, while exports declined. "Some respondents indicated that orders may have been brought forward in anticipation of further cost increases, potentially resulting in weaker demand in the months ahead,” Absa noted. Meanwhile, input costs picked up amid a weaker rand and higher international oil prices linked to the Middle East war. “Elevated input costs are likely to squeeze profit margins and could limit the sustainability of the recent improvement in activity,” the bank said, adding that they may also add to inflationary pressures. Lastly, the sub-index tracking expected business conditions edged up but stayed below 50, underscoring subdued confidence.
2026-05-04
South Africa Factory Activity Shrinks for 6th Month: Absa
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 49 in March 2026 from 47.4 in February, but the reading still pointed to the sixth consecutive month of contraction in the country’s manufacturing sector. "The PMI results overall suggest South Africa's manufacturing sector has not yet experienced a significant slowdown due to the US-Israel war against Iran, but price pressures have intensified sharply", Absa said. New orders remained weak, reflecting subdued demand, while slower supplier deliveries pointed to ongoing supply chain and logistical challenges. Meanwhile, input costs were pushed higher by a weaker rand and higher international oil prices. Lastly, the sub-index tracking expected business conditions posted its steepest drop ever, reflecting worries about the impact of the Iran conflict on costs and demand.
2026-04-01