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.