The IHS Markit South Africa PMI increased to 49.9 in August of 2021 from an 11-month low of 46.1 in July when unrest and COVID-19 lockdown measures hurt the private sector sharply. The August reading signalled a broad stabilisation of operating conditions in the private sector economy. Whilst demand levels remained weak for some companies, others saw new business recover as lockdown eased and client confidence strengthened. Raw material shortages remained severe, however, driving backlogs higher and contributing to further supplier delays. As a result, input prices and output charges continued to rise sharply, although rates of inflation eased for the third month running. source: Markit Economics
Composite PMI in South Africa averaged 49.17 points from 2013 until 2021, 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 IHS Markit PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Composite PMI in South Africa is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa IHS Markit PMI is projected to trend around 53.00 points in 2022 and 52.80 points in 2023, according to our econometric models.