The seasonally adjusted Absa Purchasing Managers’ Index rose to 54.8 in May of 2022 from 50.7 in the previous month. The latest reading pointed to the 10th straight month of expansion in manufacturing activity and at a faster pace, as domestic demand normalised and export sales returned to positive terrain following damaging floods in the key province of KwaZulu-Natal. "Despite the solid rebound in demand, business activity was stuck just below the neutral 50-point mark in May. This could be due to continued load-shedding and industrial action affecting output, but not necessarily weighing on demand," Absa said. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.99 points from 1999 until 2022, reaching an all time high of 60 points in March of 2022 and a record low of 30.67 points in April of 2020. This page provides the latest reported value for - South Africa Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Manufacturing PMI in South Africa is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Manufacturing PMI is projected to trend around 57.00 points in 2023 and 58.00 points in 2024, according to our econometric models.

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South Africa Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 42.00 46.00 points Jun 2022
Manufacturing PMI 54.80 50.70 points May 2022

South Africa Manufacturing PMI
The Absa Manufacturing PMI is a monthly survey of purchasing managers in South Africa's manufacturing sector. The index provides leading indications of business conditions in the sector. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
54.80 50.70 60.00 30.67 1999 - 2022 points Monthly

News Stream
South Africa Absa Manufacturing PMI Rises in May
The seasonally adjusted Absa Purchasing Managers’ Index rose to 54.8 in May of 2022 from 50.7 in the previous month. The latest reading pointed to the 10th straight month of expansion in manufacturing activity and at a faster pace, as domestic demand normalised and export sales returned to positive terrain following damaging floods in the key province of KwaZulu-Natal. "Despite the solid rebound in demand, business activity was stuck just below the neutral 50-point mark in May. This could be due to continued load-shedding and industrial action affecting output, but not necessarily weighing on demand," Absa said.
2022-06-01
South Africa Absa Manufacturing PMI Drops in April
The seasonally adjusted Absa Purchasing Managers’ Index decreased to 50.7 in April of 2022 from 60 in the previous month. The latest reading pointed to the 9th straight month of expansion in manufacturing activity albeit the weakest since July of 2021 when unrest and looting unfolded in parts of KZN and Gauteng. Business activity and new sales decreased in the wake of devastating floods in the KwaZulu-Natal province, which left the area with significant infrastructure damage. There was also a sharp drop in export sales. "It remains to be seen whether the drop in exports was due to the temporary Durban harbour closure and other logistical constraints related to the floods, or whether this is due to a deterioration in external demand," Absa said.
2022-05-03
South Africa Absa Manufacturing PMI Hits Record High
The seasonally adjusted Absa Purchasing Managers’ Index increased to 60 in March of 2022 from 58.6 in the previous month. The latest reading pointed to the 8th straight month of expansion in manufacturing activity and at the strongest pace since available records began in March of 1999. New orders and business activity expanded faster, supported by greater demand, both domestic and from abroad. "On the demand front, export orders remained positive, while local demand may have benefited from the recovery in the tourism and hospitality sector and normalizing business conditions in general.", Absa said.
2022-04-01