South Africa Manufacturing PMI

The ABSA Manufacturing PMI for South Africa fell to 45.4 in May 2019 from 47.2 in the previous month. The reading pointed to the fifth consecutive contraction in factory activity, as new orders, business activity and inventories dropped. On the other hand, the job creation rate and supplier deliveries increased. Finally, expectations regarding business conditions in six months’ time remained unchanged above the average recorded during 2018. Manufacturing PMI in South Africa averaged 50.98 from 1999 until 2019, reaching an all time high of 60.87 in April of 2002 and a record low of 35.09 in April of 2009.

Manufacturing PMI in South Africa is expected to be 49.00 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 53.00 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

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South Africa Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	28.00	28.00	92.00	12.00	Index Points	[+]
Manufacturing PMI	45.40	47.20	60.87	35.09		[+]
Industrial Production	4.60	1.30	18.50	-23.20	percent	[+]
Industrial Production Mom	2.80	0.90	9.10	-8.70	percent	[+]
Capacity Utilization	81.40	81.30	86.20	76.90	percent	[+]
Changes in Inventories	-11587.00	-53932.00	66699.00	-59774.00	ZAR Million	[+]
Bankruptcies	173.00	178.00	511.00	63.00	Companies	[+]
Total Vehicle Sales	40506.00	36787.00	65689.00	18482.00		[+]
Car Registrations	26170.00	24989.00	42915.00	5155.00		[+]
Leading Economic Index	-0.40	2.00	4.70	-3.70	percent	[+]
Internet Speed	6736.79	6595.61	6736.79	685.91	KBps	[+]
IP Addresses	4274668.00	3727821.00	6727656.00	520279.00	IP	[+]
Steel Production	576.00	543.80	885.00	182.00	Thousand Tonnes	[+]
Mining Production	-1.50	-0.70	23.20	-17.40	percent	[+]
Coincident Index	93.00	93.70	141.17	88.12	Index Points	[+]
Competitiveness Index	60.76	60.86	60.86	4.31	Points	[+]
Competitiveness Rank	67.00	62.00	67.00	35.00		[+]
Composite Pmi	49.30	50.30	52.70	46.40		[+]
Ease of Doing Business	82.00	82.00	82.00	32.00		[+]
Electricity Production	20711.00	20923.00	23801.00	10439.00	Gigawatt-hour	[+]
Corruption Index	43.00	43.00	56.80	41.00	Points	[+]
Corruption Rank	73.00	71.00	73.00	23.00		[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	45.40	47.20	60.87	35.09	1999 - 2019		Monthly

Country	Last		Previous	Range
Australia	52.70	May/19	54.8	62.5 : 29.47
Brazil	50.20	May/19	51.5	53.5 : 41.6
Canada	49.10	May/19	49.7	57.1 : 47.5
China	50.20	May/19	50.2	52.3 : 47.2
Euro Area	47.70	May/19	47.9	60.6 : 33.5
France	50.60	May/19	50	58.8 : 42.7
Germany	44.30	May/19	44.4	63.3 : 32
India	52.70	May/19	51.8	55 : 47.9
Indonesia	51.60	May/19	50.4	58.5 : 46.4
Italy	49.70	May/19	49.1	59 : 47.4
Japan	49.80	May/19	50.2	56.2 : 29.6
Mexico	50.00	May/19	50.1	57.1 : 49.2
Netherlands	52.20	May/19	52	63.4 : 48
Russia	49.80	May/19	51.8	54.7 : 47.6
Saudi Arabia	57.30	May/19	56.8	61.8 : 51.4
Singapore	49.90	May/19	50.3	53.1 : 48.3
South Africa	45.40	May/19	47.2	60.87 : 35.09
South Korea	48.40	May/19	50.2	52.6 : 45.7
Spain	50.10	May/19	51.8	56.1 : 41.1
Switzerland	48.60	May/19	48.5	66.9 : 32.8
Turkey	45.30	May/19	46.8	55.7 : 42.7
United Kingdom	49.40	May/19	53.1	61.5 : 34.4
United States	50.50	May/19	52.6	57.9 : 50.5