The IHS Markit South Africa PMI increased to 50.7 in September of 2021 from 49.9 in August, when lockdown measures were eased to Level 2. Output expanded for the first time since May, as improving economic conditions drove increased activity and customer demand. At the same time, new orders expanded slightly, also benefiting from the easing lockdown restrictions. Conversely, employment levels were reduced slightly as businesses looked to lower their payroll costs after the lockdown-induced downturn. On the price front, price pressures on inputs accelerated for the first time in four months, with overall costs up sharply, mainly due to a weaker currency against the US dollar. Looking forward, business confidence strengthened to its highest in over six years. source: Markit Economics
Composite PMI in South Africa averaged 49.19 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 October of 2021.
Composite PMI in South Africa is expected to be 50.00 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.