The seasonally adjusted Absa Purchasing Managers’ Index ticked up to 52.1 points in August of 2022 from 47.6 in July, amid an easing in the intensity of load-shedding and as power cuts eased and fuel prices declined. “The steep fall in the fuel price at the start of August likely helped with alleviating overall cost pressures, with a further notable decline in the fuel price expected next week. While headline producer price inflation for final manufactured goods remains very high, the PMI suggests that cost pressure at the start of the pipeline has moderated”, ” Absa said. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.99 points from 1999 until 2022, 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 September of 2022.

Manufacturing PMI in South Africa is expected to be 51.70 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 and 58.00 points in 2024, according to our econometric models.

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South Africa Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 39.00 42.00 points Sep 2022
Manufacturing PMI 52.10 47.60 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
52.10 47.60 60.00 30.67 1999 - 2022 points Monthly

News Stream
South Africa Manufacturing Activity Returns to Growth
The seasonally adjusted Absa Purchasing Managers’ Index ticked up to 52.1 points in August of 2022 from 47.6 in July, amid an easing in the intensity of load-shedding and as power cuts eased and fuel prices declined. “The steep fall in the fuel price at the start of August likely helped with alleviating overall cost pressures, with a further notable decline in the fuel price expected next week. While headline producer price inflation for final manufactured goods remains very high, the PMI suggests that cost pressure at the start of the pipeline has moderated”, ” Absa said.
2022-09-01
South Africa Manufacturing Activity Falls in July
The seasonally adjusted Absa Purchasing Managers’ Index fell to 47.6 in July of 2022 from 52.2 in June, mainly due to electricity supply disruptions. It is the first decline in factory activity since July last year, when the looting and unrest in KwaZulu-Natal and Gauteng hurt output.
2022-08-01
South Africa Absa Manufacturing PMI Down in June
The seasonally adjusted Absa Purchasing Managers’ Index ticked decreased to 52.2 in June of 2022 from 54.8 in the previous month. The latest reading pointed to the 11th straight month of expansion in manufacturing activity but at a weaker pace, amid a deterioration in demand and activity during the month. The business activity index signalled a contraction in output for a third consecutive month, linked to floods in the KwaZulu-Natal province in April, continued supply chain issues and power cuts. Absa also warned that with the second quarter average for the business activity index at 45 points and the stark decline in actual factory output in April, the sector was likely to be a big drag on economic growth in the second quarter.
2022-07-01