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.