The ABSA Manufacturing PMI for South Africa decreased to 49.9 in January 2019 from 50.7 in the previous month, pointing to another contraction in factory activity. Four out of five measures of factory performance fell, led by new orders and business activity. "Despite the decline, the index remains 2 points above the average recorded in 2018 which suggests the sector started the year on a fairly solid footing", ABSA analysts said. Manufacturing PMI in South Africa averaged 51.06 from 1999 until 2019, reaching an all time high of 60.87 in April of 2002 and a record low of 35.09 in April of 2009.

Manufacturing PMI in South Africa is expected to be 47.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Africa to stand at 52.00 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

South Africa Manufacturing PMI
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South Africa Business Last Previous Highest Lowest Unit
Business Confidence 31.00 34.00 91.00 10.20 Index Points [+]
Manufacturing PMI 49.90 50.70 60.87 35.09 [+]
Industrial Production 0.10 1.30 18.50 -23.20 percent [+]
Industrial Production Mom 0.70 0.40 9.10 -8.70 percent [+]
Capacity Utilization 81.20 81.10 86.30 76.90 percent [+]
Changes in Inventories 12744.00 -9149.00 59100.00 -58506.00 ZAR Million [+]
Bankruptcies 141.00 140.00 511.00 63.00 Companies [+]
Total Vehicle Sales 42374.00 39984.00 65689.00 18482.00 [+]
Car Registrations 29040.00 26547.00 42915.00 5155.00 [+]
Leading Economic Index -0.30 0.30 4.70 -3.70 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Steel Production 422.90 528.20 885.00 182.00 Thousand Tonnes [+]
Mining Production -4.80 -5.80 23.20 -17.40 percent [+]
Coincident Index 95.10 95.20 141.17 88.12 Index Points [+]
Competitiveness Index 60.76 60.86 60.86 4.31 Points [+]
Competitiveness Rank 67.00 62.00 67.00 35.00 [+]
Composite Pmi 49.60 49.00 52.70 46.40 [+]
Ease of Doing Business 82.00 82.00 82.00 32.00 [+]
Electricity Production 20386.00 21197.00 23801.00 10439.00 Gigawatt-hour [+]
Corruption Index 43.00 43.00 56.80 41.00 Points [+]
Corruption Rank 73.00 71.00 73.00 23.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.90 50.70 60.87 35.09 1999 - 2019 Monthly




Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 48.50 Feb/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19


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