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.

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South Africa IHS Markit PMI


News Stream
South Africa Private Sector Activity Rebounds in September
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.
2021-10-05
South Africa Private Sector Activity Attempts to Rebound
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.
2021-09-03
South Africa Private Sector Plunges in July
The IHS Markit South Africa PMI fell to 46.1 in July of 2021 from 51 in June, pointing to the first contraction in the country's private sector activity in ten months, amid civil unrest and Level 4 COVID-19 restrictions. Output, new orders, stocks of purchases and employment fell sharply. Supply chains were also impacted by unrest, as lead times lengthened at a much faster rate than in June. On the price front, Input prices continued to rise strongly, though the pace of inflation eased to a four-month low. Consequently, the rate of output charge inflation also softened to a four-month low. Looking forward, business sentiment weakened again in July, and was the lowest seen for almost a year.
2021-08-04
South Africa Private Sector Growth Slows in June
The IHS Markit South Africa PMI fell to 51 in June of of 2021 from 53.2 in the previous month. The latest reading pointed to the ninth straight month of expansion in South Africa's private sector activity but at the softest pace since March. Output fell for the first time this year and growth in new orders stalled, as the reintroduction of stricter lockdown measures during June hit costumer demand. Also, there was a renewed drop in export sales. Meanwhile, raw material shortages led to a solid increase in backlogs, which prompted firms to raise employment at the quickest rate since November 2012. On the price front,input prices rose at a marked pace in June, although the overall rate of inflation eased slightly from May’s recent high. Output charges continued to rise sharply as firms often passed these costs onto their customers. Finally, business confidence eased for the second straight month as concerns grew that COVID-19 restrictions would harm economic activity in the near future.
2021-07-05

South Africa Last Unit Reference Previous Highest Lowest
Composite PMI 50.70 points Sep/21 49.90 53.70 32.50


South Africa IHS Markit 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.