South Africa's Absa Manufacturing PMI rose further to 58.3 in September of 2020 from 57.3 in the prior month and above pre-pandemic levels. The reading pointed to the fifth consecutive month of expansion in factory activity and at the quickest pace on record, as business activity and news sales were boosted by the further easing of lockdown restrictions. South Africa has moved to Level 1 lockdown restrictions from September 21st, 2020, following a significant decrease in Covid-19 cases. source: Bureau for Economic Research (BER)
Manufacturing PMI in South Africa averaged 50.82 points from 1999 until 2020, reaching an all time high of 58.30 points in September of 2020 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 October of 2020.
Manufacturing PMI in South Africa is expected to be 58.40 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 48.60 in 12 months time. In the long-term, the South Africa Manufacturing PMI is projected to trend around 51.40 points in 2021 and 51.70 points in 2022, according to our econometric models.