The seasonally adjusted Absa Purchasing Managers’ Index rose to 50 points in October of 2022 from 48.2 in September. The reading came slightly better than the average of 49.6 recorded during the previous quarter and pointed to a stagnation in factory activity. However, the Transnet strike and faltering global demand likely hurt exports, while persistent load-shedding capped the recovery in activity and demand. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.98 points from 1999 until 2022, 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 November of 2022.

Manufacturing PMI in South Africa is expected to be 53.00 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 38.00 39.00 points Dec 2022
Manufacturing PMI 50.00 48.20 points Oct 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
50.00 48.20 60.00 30.67 1999 - 2022 points Monthly

News Stream
South Africa Factory Growth Stalls
The seasonally adjusted Absa Purchasing Managers’ Index rose to 50 points in October of 2022 from 48.2 in September. The reading came slightly better than the average of 49.6 recorded during the previous quarter and pointed to a stagnation in factory activity. However, the Transnet strike and faltering global demand likely hurt exports, while persistent load-shedding capped the recovery in activity and demand.
2022-11-01
South Africa Manufacturing Activity Falls Back Into Contraction
The seasonally adjusted Absa Purchasing Managers’ Index fell to 48.2 points in September of 2022 from 52.1 in August, pointing to a renewed contraction in the country's manufacturing activity. Extensive power cuts weighed on output and new sales orders declined. "Even if it does not have a direct impact on curtailing output, some respondents flagged that load-shedding weighs on demand for their products due to lower activity elsewhere," Absa said. Additionally, ongoing concerns over the global economy due to higher borrowing costs supported the negative sentiment.
2022-10-03
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