South Africa's Absa Manufacturing PMI rose to 57.4 in March of 2021 from 53 in February. The latest reading pointed to the third straight month of expansion in manufacturing activity and at the fastest pace since last October. All of the five sub-indexes improved, with new sales and exports rising sharply amid the easing of coronavirus restrictions. The only exception was employment which remained in contraction. Also, manufacturers turned slightly less optimistic about expected business conditions in six months' time, amid concerns over the slow pace of vaccination rollout. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa averaged 50.76 points from 1999 until 2021, reaching an all time high of 60.90 points in October of 2020 and a record low of 30.32 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 April of 2021.
Manufacturing PMI in South Africa is expected to be 52.00 points 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 51.60 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 51.70 points in 2022 and 53.00 points in 2023, according to our econometric models.