The IHS Markit South Africa PMI inched down to 50.2 in December of 2020 from 50.3 in November pointing to weaker growth in private sector activity, as demand stalled and input shortages led to renewed falls in purchases and inventories. The output levels broadly unchanged, while new orders also broadly stable. Supply chains suffered amid a lack of availability of inputs. Shortages of input also impacted firm's buying decisions, as purchasing activity declined for the first time since August. On a positive note, employment moved closer to stabilising in December, as latest data indicated just a slight fall in workforce numbers that was the weakest for nine months. On the prices front, input cost inflation eased to the slowest in four months, due to a rise in prices of metals and other inputs. Lastly, business confidence weakened to a four-month low, due to worries that a second wave of COVID-19 and problems with input supply could derail the economic recovery. source: Markit Economics

Composite PMI in South Africa averaged 49.02 points from 2013 until 2020, reaching an all time high of 52.70 points in October of 2014 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 January of 2021.

Composite PMI in South Africa is expected to be 49.60 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 48.50 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 50.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa IHS Markit PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.20 50.30 52.70 32.50 2013 - 2020 points Monthly
SA


News Stream
South Africa Private Sector PMI Remains Stable
The IHS Markit South Africa PMI inched down to 50.2 in December of 2020 from 50.3 in November pointing to weaker growth in private sector activity, as demand stalled and input shortages led to renewed falls in purchases and inventories. The output levels broadly unchanged, while new orders also broadly stable. Supply chains suffered amid a lack of availability of inputs. Shortages of input also impacted firm's buying decisions, as purchasing activity declined for the first time since August. On a positive note, employment moved closer to stabilising in December, as latest data indicated just a slight fall in workforce numbers that was the weakest for nine months. On the prices front, input cost inflation eased to the slowest in four months, due to a rise in prices of metals and other inputs. Lastly, business confidence weakened to a four-month low, due to worries that a second wave of COVID-19 and problems with input supply could derail the economic recovery.
2021-01-06
South Africa Private Sector Growth Slows in November
The IHS Markit South Africa PMI fell to 50.3 in November of 2020 from a 31-month high of 51 reached in October pointing to weaker growth in private sector activity, as shortages of some commodities and weaker sales hampered the economic recovery from the coronavirus crisis. The output and new orders sub-components both dropped below the no-change mark, indicating renewed falls. Supply chains also suffered amid a lack of availability of inputs, while purchase cost inflation rose at the quickest rate in over two years. On a positive note, the rate of job shedding at South African companies continued to dissipate and optimism around vaccines boosted sentiment to a nine-month high.
2020-12-03
South Africa Private Sector Returns to Growth
The IHS Markit South Africa PMI rose to 51.0 in October 2020 from 49.4 in the previous month. The latest reading pointed to the first time expansion in the private sector since April last year and the strongest in 31 months, as new business increased for the first time in 28 months. Also, business activity expanded for the first time in a year-and-a-half and at the fastest pace since December 2016, amid the loosening of coronavirus restrictions. At the same time, employment declined at the slowest pace since prior to the virus outbreak. Purchasing activity went up for the second month running, feeding through to a first rise in inventories since August 2019. On the price front, input price inflation quickened to a six-month high driven by a weaker exchange rate, while output charges rose the most since February. Finally, sentiment hit a seven-month high, amid hopes for an end to the COVID-19 pandemic.
2020-11-04
South Africa Private Sector Activity Shrinks the Least in Nearly a Year
The IHS Markit South Africa PMI went up to 49.4 in September 2020 from 45.3 in the previous month. Still, the latest reading pointed to the 17th successive month of contraction in the South African economic activity albeit at the weakest pace in eleven months, amid the ongoing easing of coronavirus lockdown restrictions. Output and new orders declined at a softer rate amid a pick up in demand as several businesses reopened. Also, export sales fell to the least extent since before the pandemic on the back of an improvement in global activity. At the same time, the job shedding rate eased to a six-month low as some firms increased hiring due to a rise in client orders. On the price front, input price inflation quickened to a five-month high driven by a weaker rand, short supply of materials and higher input demand, and output charges rose for the first time since April. Finally, sentiment improved to its strongest since February.
2020-10-05

South Africa IHS Markit PMI
In South Africa, the IHS Markit South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.