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. source: Markit Economics
Composite PMI in South Africa averaged 49.26 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 June of 2022.
Composite PMI in South Africa is expected to be 50.20 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.