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.