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.