The IHS Markit South Africa PMI rose to 51.0 in October 2020 from 49.4 in the previous month. The latest reading pointed to the first time expansion in the private sector since April last year and the strongest in 31 months, as new business increased for the first time in 28 months. Also, business activity expanded for the first time in a year-and-a-half and at the fastest pace since December 2016, amid the loosening of coronavirus restrictions. At the same time, employment declined at the slowest pace since prior to the virus outbreak. Purchasing activity went up for the second month running, feeding through to a first rise in inventories since August 2019. On the price front, input price inflation quickened to a six-month high driven by a weaker exchange rate, while output charges rose the most since February. Finally, sentiment hit a seven-month high, amid hopes for an end to the COVID-19 pandemic. source: Markit Economics

Composite Pmi in South Africa averaged 49 points from 2013 until 2020, reaching an all time high of 52.70 points in October of 2014 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 Standard Bank PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Composite Pmi in South Africa is expected to be 47.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in South Africa to stand at 49.00 in 12 months time. In the long-term, the South Africa Standard Bank PMI is projected to trend around 49.00 points in 2021 and 49.60 points in 2022, according to our econometric models.

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South Africa Standard Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.00 49.40 52.70 32.50 2013 - 2020 points Monthly
SA


News Stream
South Africa Private Sector Returns to Growth
The IHS Markit South Africa PMI rose to 51.0 in October 2020 from 49.4 in the previous month. The latest reading pointed to the first time expansion in the private sector since April last year and the strongest in 31 months, as new business increased for the first time in 28 months. Also, business activity expanded for the first time in a year-and-a-half and at the fastest pace since December 2016, amid the loosening of coronavirus restrictions. At the same time, employment declined at the slowest pace since prior to the virus outbreak. Purchasing activity went up for the second month running, feeding through to a first rise in inventories since August 2019. On the price front, input price inflation quickened to a six-month high driven by a weaker exchange rate, while output charges rose the most since February. Finally, sentiment hit a seven-month high, amid hopes for an end to the COVID-19 pandemic.
2020-11-04
South Africa Private Sector Activity Shrinks the Least in Nearly a Year
The IHS Markit South Africa PMI went up to 49.4 in September 2020 from 45.3 in the previous month. Still, the latest reading pointed to the 17th successive month of contraction in the South African economic activity albeit at the weakest pace in eleven months, amid the ongoing easing of coronavirus lockdown restrictions. Output and new orders declined at a softer rate amid a pick up in demand as several businesses reopened. Also, export sales fell to the least extent since before the pandemic on the back of an improvement in global activity. At the same time, the job shedding rate eased to a six-month low as some firms increased hiring due to a rise in client orders. On the price front, input price inflation quickened to a five-month high driven by a weaker rand, short supply of materials and higher input demand, and output charges rose for the first time since April. Finally, sentiment improved to its strongest since February.
2020-10-05
South Africa Private Sector Activity Continues to Shrink
The IHS Markit South Africa PMI increased to 45.3 in August of 2020 from 44.9 in July but still pointed to the 16th straight month of contraction in the South African economic activity. A key reason was the continued use of stricter COVID-19 measures until midway through August, which firms stated led to a fall in new business as consumer confidence faded and new orders were put on-hold. However, the decline in overall sales was the softest recorded since February. Export demand also continued to decrease, and notably at a stronger pace than seen in July. Also, job cuts continue as spare capacity remains high. The degree of business optimism was unchanged from July as firms predicted a rise in output in the coming year, albeit much less confidently than the series trend. Hopes of stronger activity were largely related to the easing of COVID-19 related measures and greater opportunities for growth in the months ahead.
2020-09-03
South Africa Private Sector Downturn Eases Further
The IHS Markit South Africa PMI rose to 44.9 in July of 2020 from 42.5 in the prior month. The reading pointed to the softest contraction in the country's private sector in five months. Output, new orders and employment fell at weaker rates, helped by the further easing in restrictions which allowed some companies to return to work. Purchasing activity continued to fall as new orders remained weak, leading to an eleventh successive monthly reduction in stock levels. Meanwhile, pressures in supply chains softened somewhat. Regarding prices, input costs increased for the first time since April, mainly attributable to rising raw material prices, higher fuel costs and currency weakness. At the same time, output charges were lowered for the third month in a row, in a bid to attract clients. Looking forward, sentiment hit a 4-month high, on hopes of a swift end to the pandemic and an increase in new projects.
2020-08-05

South Africa Standard Bank PMI
In South Africa, the Standard Bank South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.