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.