The seasonally adjusted Absa Purchasing Managers’ Index dropped to 48.8 points in February of 2023, from a seven-month high of 53 in the previous month. The latest reading indicated the first contraction in the country's manufacturing sector since September last year, as record power outages in South Africa continued to undermine business conditions. Declines were observed in all sub-indexes: business activity, new sales orders, employment and inventories. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa averaged 50.99 points from 1999 until 2023, reaching an all time high of 60.00 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 March 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. In the long-term, the South Africa Manufacturing PMI is projected to trend around 55.00 points in 2024 and 56.00 points in 2025, according to our econometric models.