The S&P Global South Africa PMI edged higher to 52.7 in July of 2022 from 52.5 in June, pointing to the strongest private sector growth since May last year. New orders, output and employment rose faster amid reports of improving market demand despite rapid inflationary pressures. However, rising costs for fuel, utilities and labour led to a further sharp increase in business expenses, putting further pressure on companies to raise their selling charges. Business confidence ticked up to a three-month high, prompted by hopes of improving demand and a moderation of price pressures. source: Markit Economics

Composite PMI in South Africa averaged 49.33 points from 2013 until 2022, reaching an all time high of 53.70 points in April of 2021 and a record low of 32.50 points in May of 2020. This page provides - South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa S&P Global PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Composite PMI in South Africa is expected to be 51.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa S&P Global PMI is projected to trend around 51.80 points in 2023 and 52.40 points in 2024, according to our econometric models.

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South Africa S&P Global PMI



Related Last Previous Unit Reference
Composite PMI 52.70 52.50 points Jul 2022

South Africa S&P Global PMI
In South Africa, the IHS Markit South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
52.70 52.50 53.70 32.50 2013 - 2022 points Monthly
SA

News Stream
South Africa Private Sector Growth Edges High
The S&P Global South Africa PMI edged higher to 52.7 in July of 2022 from 52.5 in June, pointing to the strongest private sector growth since May last year. New orders, output and employment rose faster amid reports of improving market demand despite rapid inflationary pressures. However, rising costs for fuel, utilities and labour led to a further sharp increase in business expenses, putting further pressure on companies to raise their selling charges. Business confidence ticked up to a three-month high, prompted by hopes of improving demand and a moderation of price pressures.
2022-08-03
South Africa Private Sector Growth Hits 13-Month High
The S&P Global South Africa PMI rose to 52.5 in June of 2022 from 50.7 in the prior month, pointing to the fastest expansion in the country's private sector activity since May last year. Both output and new orders increased at quicker rates, amid strengthening client demand. As a result, the rate of job creation picked up to the fastest in a year, which helped firms to complete new work and further deplete their backlogs. Purchasing activity also went up to fulfill new orders, while several companies decided to stockpile raw materials up in price in an effort to protect against future inflation. However, businesses remained under considerable pressure from rising input costs, lifted by a surge in global fuel prices and supply-side challenges. The rate of input price inflation was the steepest since March 2014, translating into a sharper increase in output prices. Finally, business sentiment ticked higher in June, after hitting a ten-month low in the previous month.
2022-07-05
South Africa Private Sector Growth Ticks Up
The S&P Global South Africa PMI rose to 50.7 in May of 2022 from 50.3 in the prior month, indicating a slightly stronger, but still marginal, improvement in the health of the private sector economy. Both output and new orders rebounded slightly, as improving conditions in KwaZulu-Natal helped to lift overall demand and reduce supply chain delays. Still, loadshedding and weaker export sales continued to weigh on activity. Staffing numbers rose for the third successive month in May, although the rate of job creation slowed to the weakest seen in this sequence. On the price front, however, input price inflation remained acute, as the war in Ukraine continued to drive fuel and raw material costs higher. Finally, business sentiment dropped to the lowest since July of 2021, as hopes of strengthening demand were partly offset by fears that strong inflationary pressures will harm economic activity.
2022-06-03