South Africa's Absa Manufacturing PMI rose to 53 in February of 2021 from 50.9 in January. The reading pointed to the strongest expansion in the country's factory sector since October, amid increases in new sales and business activity. "The improvement was supported by better export sales relative to the previous month, while the loosening of local lockdown restrictions likely also contributed to an uptick in domestic demand,” Absa said. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.74 points from 1999 until 2021, reaching an all time high of 60.90 points in October of 2020 and a record low of 30.32 points in April of 2020. This page provides the latest reported value for - South Africa Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Manufacturing PMI in South Africa is expected to be 49.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Africa to stand at 51.40 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 51.70 points in 2022, according to our econometric models.

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South Africa Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.00 50.90 60.90 30.32 1999 - 2021 points Monthly


News Stream
South Africa Absa Manufacturing PMI at 4-Month High
South Africa's Absa Manufacturing PMI rose to 53 in February of 2021 from 50.9 in January. The reading pointed to the strongest expansion in the country's factory sector since October, amid increases in new sales and business activity. "The improvement was supported by better export sales relative to the previous month, while the loosening of local lockdown restrictions likely also contributed to an uptick in domestic demand,” Absa said.
2021-03-01
South Africa Absa Manufacturing PMI Rises Slightly
South Africa's Absa Manufacturing PMI rose slightly to 50.9 in January of 2021 from 50.3 in December. Despite the improvement, the latest reading is much lower than the average recorded in the final quarter of 2020. Indeed, the business activity index declined for a fourth consecutive month as production was probably hit by the impact of load-shedding and an extended lockdown. Meanwhile, there were gains in the sub-indices tracking new sales orders and expected business conditions in six months' time. The pace of job shedding in the sector also seemed to have slowed. Looking ahead, purchasing managers were optimistic about the future operating conditions, possibly linked to the prospects of an improved global economy during the second half of the year.
2021-02-01
South Africa Manufacturing PMI Drops to 5-Month Low
South Africa's Absa Manufacturing PMI fell further to 50.3 in December of 2020 from 52.6 in the prior month, pointing to near stabilization in the manufacturing sector after four consecutive months of strong growth. It was the lowest reading since July when activity contracted, as business activity and new sales declined amid the reintroduction of some lockdown restrictions to curb a second wave of infections.
2021-01-08
South Africa Factory Activity Growth Softens in November
South Africa's Absa Manufacturing PMI fell to 52.6 in November of 2020 from a record 60.9 in the previous month but still above pre-pandemic levels. The reading pointed to the fourth consecutive expansion in factory activity although weaker than in the previous months, as new sales declined for the first time since May. "This was partly driven by a renewed decline in export sales possibly linked to lower activity in Europe due to renewed COVID-19 lockdowns", Absa said.
2020-12-01

South Africa Manufacturing PMI
The Absa Manufacturing PMI is a monthly survey of purchasing managers in South Africa's manufacturing sector. The index provides leading indications of business conditions in the sector. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.