The seasonally adjusted Absa Purchasing Managers’ Index was at 53 points in January of 2023, almost unchanged from a seven-month high of 53.1 in December. The latest reading pointed to the third successive month of modest expansion in South Africa's manufacturing activity, supported by growth in business activity and inventories despite rolling power cuts. Meanwhile, employment and new sales orders decreased. "Should this translate into actual production growth, it would be a promising start to the year for the struggling sector," Absa said. It added that continued activity growth would require a sustained improvement in demand and most likely a move to less intense stages of power outages. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa averaged 51 points from 1999 until 2023, 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 February of 2023.
Manufacturing PMI in South Africa is expected to be 52.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.