The seasonally adjusted Absa Purchasing Managers’ Index fell to 54.1 in December of 2021 from a five-month high of 57.2 in the previous month, pointing to a slower expansion in South Africa's manufacturing activity. Both new orders and employment decreased, impacted by a drop in exports and against a backdrop of reduced optimism about future business conditions. "While it is not clear what drove the notable export easing, slower services sector activity in the Eurozone amid a surge in COVID-19 infections and an associated tightening in lockdown restriction in several countries at the end of 2021 may have contributed," Absa said. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.90 points from 1999 until 2021, reaching an all time high of 59.53 points in July of 2006 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 January of 2022.

Manufacturing PMI in South Africa is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Manufacturing PMI is projected to trend around 54.00 points in 2023, according to our econometric models.

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South Africa Manufacturing PMI


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
54.10 57.20 59.53 30.67 1999 - 2021 points Monthly

Related Last Previous Unit Reference
Business Confidence 43.00 43.00 points Dec/21
Manufacturing PMI 54.10 57.20 points Dec/21


News Stream
South Africa Absa Manufacturing PMI Drops in December
The seasonally adjusted Absa Purchasing Managers’ Index fell to 54.1 in December of 2021 from a five-month high of 57.2 in the previous month, pointing to a slower expansion in South Africa's manufacturing activity. Both new orders and employment decreased, impacted by a drop in exports and against a backdrop of reduced optimism about future business conditions. "While it is not clear what drove the notable export easing, slower services sector activity in the Eurozone amid a surge in COVID-19 infections and an associated tightening in lockdown restriction in several countries at the end of 2021 may have contributed," Absa said.
2022-01-07
South Africa Absa Manufacturing PMI at 5-Month High
The seasonally adjusted Absa Purchasing Managers’ Index rose to 57.2 in November of 2021 from 53.6 in the previous month, pointing to a faster expansion in South Africa's manufacturing activity that was the strongest since June. Both business activity and new orders rebounded after being severely affected by a prolonged strike action in the steel sector and load-shedding in October. Other factors that also drove the increase was a “ramp-up of activity and demand before the annual festive season industry break from mid-December,” Absa said. Still, the index tracking expected business conditions in next six months declined due to the emergence of the omicron virus variant that prompted several nations to ban travel to and from South Africa as well as the start of a tightening interest rate cycle by the South African Reserve Bank.
2021-12-01
South Africa Absa Manufacturing PMI Falls Further
The seasonally adjusted Absa Purchasing Managers’ Index fell to 53.6 in October of 2021 from a downwardly revised 54.7 in the previous month, but still remaining in expansionary territory for a third consecutive month. Both business activity (46.1 vs 49.9 in September) and new orders (48 vs 53) declined, hit by the three-week strike in the steel and engineering sector and the return of load-shedding during the month. Also, inflationary pressures remained strong, despite a drop in the index tracking input costs (84.4 vs 85.5). Meanwhile, a drop in daily coronavirus infections and an easing of lockdown restrictions to so-called alert level 1 helped to balance the weaker performance.
2021-11-02