The IHS Markit South Africa PMI rose to 53.7 in April of 2021 from 50.3 in March, pointing to the strongest expansion in the country's private sector since March 2012. New business and output grew strongly and to multi-year highs, supported by strengthening customer demand as global markets recovered further from the COVID-19 pandemic. As a result, firms expanded their staff levels for the first time in a year-and-a-half. Meanwhile, increasing demand for inputs and widespread reports of supply problems contributed to a steep rise in purchasing costs in April, with the rate of inflation the sharpest for nearly five years. Also, output charge inflation accelerated markedly from March. Finally, business confidence jumped to the highest since July 2015, amid hopes that the COVID-19 pandemic will end and that business conditions will improve. source: Markit Economics
Composite PMI in South Africa averaged 49.13 points from 2013 until 2021, reaching an all time high of 53.70 points in April of 2021 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 IHS Markit PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Composite PMI in South Africa is expected to be 49.80 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 49.70 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 51.00 points in 2022, according to our econometric models.