The IHS Markit South Africa PMI increased to 48.3 in January of 2020 from 47.6 in the previous month. This was the ninth successive month of contraction in private activity, amid a sharp decline in output to the weakest in the three months and new orders dropped for nineteenth month running. At the same time, employment fell at the fastest pace in nearly two-and-a-half years and new business decreased, as domestic demand remained subdued amid poor economic conditions. Conversely, new export orders rose for the first time since August last year. In terms of prices, input price inflation accelerated at the fastest pace since last June, mainly due to higher prices in staff . Accordingly, output charges increased further. Finally, the outlook for activity among firms strengthened to a seven-month high in January, due to plans to introduce new product and services.

Composite Pmi in South Africa averaged 49.64 points from 2013 until 2020, reaching an all time high of 52.70 points in October of 2014 and a record low of 46.40 points in July of 2014. This page provides - South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Composite Pmi in South Africa is expected to be 49.00 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 49.60 in 12 months time. In the long-term, the South Africa Standard Bank PMI is projected to trend around 50.20 points in 2021, according to our econometric models.


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South Africa Standard Bank PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.30 47.60 52.70 46.40 2013 - 2020 points Monthly
SA


News Stream
South Africa Private Sector Shrinks for 9th Month
The IHS Markit South Africa PMI increased to 48.3 in January of 2020 from 47.6 in the previous month. This was the ninth successive month of contraction in private activity, amid a sharp decline in output to the weakest in the three months and new orders dropped for nineteenth month running. At the same time, employment fell at the fastest pace in nearly two-and-a-half years and new business decreased, as domestic demand remained subdued amid poor economic conditions. Conversely, new export orders rose for the first time since August last year. In terms of prices, input price inflation accelerated at the fastest pace since last June, mainly due to higher prices in staff . Accordingly, output charges increased further. Finally, the outlook for activity among firms strengthened to a seven-month high in January, due to plans to introduce new product and services.
2020-02-05
South Africa Private Sector PMI Falls to 14-Month Low
The IHS Markit South Africa PMI declined to 47.6 in December of 2019 from 48.6 in the previous month. This was the eight successive month of contraction in private activity and the steepest pace in 14 months, amid a sharp decline in output and further drops in new orders and exports order attributed to load shedding and poor weather conditions. Consequently, both employment and purchases decreased further. In terms of prices, input price inflation accelerated at a modest pace, mainly due to higher prices in supplier and staff. Accordingly, output charges ticked up. Finally, the outlook for activity among firms strengthened in December, posting a degree of optimism that was slightly stronger than the average for 2019, still remained concerns that weakness in economic conditions will persist.
2020-01-06
South Africa Private Sector Shrinks for 7th Month
The IHS Markit South Africa PMI declined to 48.6 in November of 2019 from 49.4 in the previous month. It was the seventh successive month of contraction in private activity and at the steepest pace since July, as output fell the most in a year, amid a further, though softer, decline in new orders. Consequently, both employment and stocks decreased. In terms of prices, overall input price inflation accelerated to a five-month high, mainly due to higher prices of fuel and metals as well as currency weakness. Accordingly, output charges ticked up. Finally, the outlook for activity among firms was broadly unchanged in November, posting a degree of optimism that was stronger than the average for 2019-to-date but weaker than the series average (since April 2012).
2019-12-04
South Africa Private Sector Shrinks for 6th Month
The IHS Markit South Africa PMI went up to 49.4 in October of 2019 from 49.2 in the previous month. It was the sixth successive month of contraction, as output dropped for sixth month running and new orders fell at fastest pace since July. Also, new export orders declined at the quickest rate since June and purchasing activity was broadly unchanged. On the upside, employment growth strengthened to a 18-month high. In terms of prices, input prices rose at a modest, but quicker, pace which fed through into a moderate uptick in selling charges. Finally, optimism regarding the outlook for activity rose the most since June, on hopes of an improvement in the domestic economy and foreign demand.
2019-11-05

South Africa Standard Bank PMI
In South Africa, the Standard Bank 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.