The S&P Global South Africa PMI edged higher to 52.7 in July of 2022 from 52.5 in June, pointing to the strongest private sector growth since May last year. New orders, output and employment rose faster amid reports of improving market demand despite rapid inflationary pressures. However, rising costs for fuel, utilities and labour led to a further sharp increase in business expenses, putting further pressure on companies to raise their selling charges. Business confidence ticked up to a three-month
high, prompted by hopes of improving demand and a moderation of price pressures. source: Markit Economics
Composite PMI in South Africa averaged 49.33 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 August of 2022.
Composite PMI in South Africa is expected to be 51.30 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.