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.