South Africa's Absa Manufacturing PMI rose to 50.2 in May of 2020 from 46.1 in the previous month. The reading pointed to the first expansion in the country's manufacturing sector since last July, amid the partial reopening of the economy when South Africa went into alert level 4. Main improvements were seen in the sub-indexes of business activity (43.2 from record low of 5.1 in April) and new-sales (41.2 vs 8.9), although remaining in negative territory. The supplier deliveries subcomponent also continued to lift the headline PMI, even though it reflected production delays rather than higher demand.

Manufacturing PMI in South Africa averaged 50.75 points from 1999 until 2020, reaching an all time high of 57.89 points in March of 2007 and a record low of 38.38 points in April of 2009. 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 June of 2020. source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa is expected to be 40.00 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 48.00 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 49.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

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South Africa Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.20 46.10 57.89 38.38 1999 - 2020 points Monthly


News Stream
South Africa Factory Activity Rebounds in May
South Africa's Absa Manufacturing PMI rose to 50.2 in May of 2020 from 46.1 in the previous month. The reading pointed to the first expansion in the country's manufacturing sector since last July, amid the partial reopening of the economy when South Africa went into alert level 4. Main improvements were seen in the sub-indexes of business activity (43.2 from record low of 5.1 in April) and new-sales (41.2 vs 8.9), although remaining in negative territory. The supplier deliveries subcomponent also continued to lift the headline PMI, even though it reflected production delays rather than higher demand.
2020-06-01
South Africa Factory Activity Contracts for 9th Month
South Africa's Absa Manufacturing PMI tumbled to 46.1 in April of 2020 from 48.1 in the previous month. The reading pointed to the ninth consecutive month of contraction in factory activity, reflecting the effects of the initial 21-day lockdown which forced companies to suspend production. Almost all respondents were reporting a decline in activity compared to the previous month. "The PMI survey shows the immediate, devastating impact the lockdown had on manufacturing output and overall demand. While some easing of restrictions from May should aid a slow recovery in coming months, a lot of manufacturing capacity will remain idle for some time,” said Absa.
2020-05-04
South Africa ABSA Manufacturing PMI Falls for 8th Month
South Africa's Absa Manufacturing PMI rose to 48.1 in March of 2020 from 44.3 in the previous month. The reading pointed to the eighth consecutive month of contraction in factory activity, though at the slowest pace since last October, as slower delivery times boosted the supplier deliveries subindex. Absa and BER said that delays are usually an indication that suppliers are busier under normal circumstances but this time it was mainly linked to coronavirus-induced disruptions in global supply-chains. Meanwhile, the business activity and new sales orders indices stayed around 11-year low levels in March, partly due to the start of a 21-day lockdown imposed by the government to curb the spread of the coronavirus.
2020-04-01
South Africa Manufacturing PMI Lowest since 2009
South Africa's Absa Manufacturing PMI fell to 44.3 in February of 2020 from 45.2 in the previous month. The reading pointed to the seventh consecutive month of contraction in factory activity and at the quickest pace since August of 2009. Four of the five subcomponents of the index declined, primarily inventories and new sales, as business activity slowed markedly amid bleak local and global economic prospects.
2020-03-02

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.