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.

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South Africa Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 36.00 38.00 points Mar 2023
Manufacturing PMI 48.80 53.00 points Feb 2023

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
48.80 53.00 60.00 30.67 1999 - 2023 points Monthly

News Stream
South Africa Factory Activity Falls Back Into Contraction
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.
2023-03-01
South Africa Absa Manufacturing PMI Stable at 7-Month High
The seasonally adjusted Absa Purchasing Managers’ Index was at 53 points in January of 2023, almost unchanged from a seven-month high of 53.1 in December. The latest reading pointed to the third successive month of modest expansion in South Africa's manufacturing activity, supported by growth in business activity and inventories despite rolling power cuts. Meanwhile, employment and new sales orders decreased. "Should this translate into actual production growth, it would be a promising start to the year for the struggling sector," Absa said. It added that continued activity growth would require a sustained improvement in demand and most likely a move to less intense stages of power outages.
2023-02-01
South Africa Absa Manufacturing PMI at 7-Month High
The seasonally adjusted Absa Purchasing Managers’ Index rose to 53.1 points in December of 2022 from 52.6 points in the previous month. The latest reading pointed to the second successive month of expansion in South Africa's manufacturing activity and at the strongest pace since May, despite a renewed deterioration in business activity due to persistent rolling blackouts. Meanwhile, the index tracking purchasing prices fell to its lowest level in more than three years in December, suggesting that cost pressures have peaked. "While the headline number is positive, the underlying picture is more mixed. Most concerning was the business activity index which deteriorated further in December. Sustained and intense load-shedding during the last month of 2022 was likely a key drag on the sector," Absa said in a statement.
2023-01-06