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.