The IHS Markit South Africa PMI rose to 50.3 in March of 2021 from 50.2 a month earlier, pointing to a marginal improvement in operating conditions and the sixth in as many months. Output increased only marginally as new business inflows continued to decline. Also, job reductions continued, reflecting weak pressure on capacity and efforts by some companies to lower costs. Meanwhile, purchasing activity rose for the first time since last November, as firms sought to counter the rapid depletion in stocks. On the price front, input cost inflation soared to a 29-month high, driven by input shortages linked to global supply issues. Meantime, output charges increased modestly and at a far slower rate than for input costs, as many firms continued to offer price discounts aimed at stimulating market demand. Looking forward, business sentiment ticked down from February's recent high but was still largely positive on hopes that the pandemic will end soon. source: Markit Economics
Composite PMI in South Africa averaged 49.08 points from 2013 until 2021, 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 April of 2021.
Composite PMI in South Africa is expected to be 49.80 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 49.70 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 51.00 points in 2022, according to our econometric models.