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.

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South Africa S&P Global PMI



Related Last Previous Unit Reference
Composite PMI 50.70 50.30 points May 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
50.70 50.30 53.70 32.50 2013 - 2022 points Monthly
SA

News Stream
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
South Africa Private Sector Growth at 4-Month Low
The S&P Global South Africa PMI dropped to a four-month low of 50.3 in April of 2022 from 51.4 in the previous month, pointing to a marginal improvement in business conditions. Output and new orders declined, negatively impacted by load shedding and floods in the KwaZulu-Natal province. There were also reports of material shortages due to the war in Ukraine and COVID-19 lockdowns in China, while many firms were hit by load shedding and floods in the KwaZulu-Natal province. On the price front, rising fuel prices led to a strong degree of input cost inflation, which remained historically high in April despite easing to a six-month low. Finally, output expectations for the forthcoming year ticked up slightly during April, as firms remained broadly confident that activity will improve in line with a post-pandemic recovery.
2022-05-05
South Africa Private Sector Growth at 4-Month High
The S&P Global South Africa PMI increased to a four-month high of 51.4 in March of 2022 from 50.9 in the previous month. It was the third consecutive month of expansion in the private sector amid renewed increase in employment. Meanwhile, output levels fell back into contraction territory as soaring input costs and material shortages disrupted activity. Also, new order volumes rose during March, although the rate of growth was down fractionally from February and marginal. On the price front, cost pressures sharpened, as the war in Ukraine drove increased concerns over the supply of global commodities. Companies largely passed these costs onto their customers, resulting in the second-sharpest uplift in selling prices since the survey began in 2011. Looking forward, the outlook for future activity weakened to a 7-month low amid fears of persistent high inflation and supply risks.
2022-04-05