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.

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South Africa IHS Markit PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 50.20 52.70 32.50 2013 - 2021 points Monthly
SA


News Stream
South Africa Private Sector PMI Slightly Up in March
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.
2021-04-07
South Africa Private Sector Growth Slows in February
The IHS Markit South Africa PMI decreased to 50.2 in February of 2021 from 50.8 a month earlier, indicating a slower recovery in business conditions, as new order was again broadly unchanged, while output expanded slightly. Meanwhile, employment fell to the greatest extent since last October, amid a reduction in outstanding work. On the prices front, input cost inflation accelerated, due to a rise in prices of raw materials. As a result, output prices rose to the fastest pace in four months, albeit lower than input prices. Lastly, business confidence strengthened to the strongest since before the COVID-19 outbreak, amid hopes that the pandemic will end in the near future and that easing restrictions will allow more businesses to reopen.
2021-03-03
South Africa Private Sector Growth Strongest in 3 Months
The IHS Markit South Africa PMI increased to 50.8 in January of 2021 from 50.2 in December 2020 pointing to the strongest growth in private sector activity since last October, as output grew at the sharpest pace in over four years. Also, new orders continued to rise, supported efforts to fulfill outstanding work. Meanwhile, employment continued to fall, amid efforts by some companies to lower wage costs. Purchasing activity dropped for the second consecutive month, in turn leading to a slight decrease in inventories. On the prices front, input cost inflation accelerated to the fastest since October 2018, due to a rise in prices of raw materials. As a result, output prices rose for the fifth month running, albeit at a slower rate than for input costs. Lastly, business confidence strengthened, amid hopes of an easing in COVID-19 restrictions over the course of 2021.
2021-02-03
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 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.