The IHS Markit South Africa PMI fell to 51 in June of of 2021 from 53.2 in the previous month. The latest reading pointed to the ninth straight month of expansion in South Africa's private sector activity but at the softest pace since March. Output fell for the first time this year and growth in new orders stalled, as the reintroduction of stricter lockdown measures during June hit costumer demand. Also, there was a renewed drop in export sales. Meanwhile, raw material shortages led to a solid increase in backlogs, which prompted firms to raise employment at the quickest rate since November 2012. On the price front,input prices rose at a marked pace in June, although the overall rate of inflation eased slightly from May’s recent high. Output charges continued to rise sharply as firms often passed these costs onto their customers. Finally, business confidence eased for the second straight month as concerns grew that COVID-19 restrictions would harm economic activity in the near future. source: Markit Economics

Composite PMI in South Africa averaged 49.20 points from 2013 until 2021, reaching an all time high of 53.70 points in April of 2021 and a record low of 32.50 points in May of 2020. This page provides - South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa IHS Markit PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Composite PMI in South Africa is expected to be 52.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in South Africa to stand at 52.60 in 12 months time. In the long-term, the South Africa IHS Markit PMI is projected to trend around 53.00 points in 2022 and 52.80 points in 2023, according to our econometric models.

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South Africa IHS Markit PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.00 53.20 53.70 32.50 2013 - 2021 points Monthly
SA


News Stream
South Africa Private Sector Growth Slows in June
The IHS Markit South Africa PMI fell to 51 in June of of 2021 from 53.2 in the previous month. The latest reading pointed to the ninth straight month of expansion in South Africa's private sector activity but at the softest pace since March. Output fell for the first time this year and growth in new orders stalled, as the reintroduction of stricter lockdown measures during June hit costumer demand. Also, there was a renewed drop in export sales. Meanwhile, raw material shortages led to a solid increase in backlogs, which prompted firms to raise employment at the quickest rate since November 2012. On the price front,input prices rose at a marked pace in June, although the overall rate of inflation eased slightly from May’s recent high. Output charges continued to rise sharply as firms often passed these costs onto their customers. Finally, business confidence eased for the second straight month as concerns grew that COVID-19 restrictions would harm economic activity in the near future.
2021-07-05
South Africa Private Sector Growth Remains Strong
The IHS Markit South Africa PMI edged down to 53.2 in May of 2021 from a record high of 53.7 in April, but still signalling the South African economy continued to grow at a solid pace. New orders rose for the second month in a row, supporting a further solid increase in workforce numbers. Also, output grew at the second-quickest rate since October 2014. However, the headwind of rising cost pressures continued to gather speed, with the latest uptick in input costs the fastest since June 2016 amid supply-side problems. As a result, firms raised their selling charges at the sharpest pace for almost five years. Finally, confidence towards future output remained robust in May, and was the second-highest in over three years. Firms were largely expectant of a recovery in economic conditions over the coming year as the vaccine roll-out continues. With this in mind, workforce numbers increased at the fastest rate since November 2012.
2021-06-03
South Africa Private Sector Growth Strongest since 2012
The IHS Markit South Africa PMI rose to 53.7 in April of 2021 from 50.3 in March, pointing to the strongest expansion in the country's private sector since March 2012. New business and output grew strongly and to multi-year highs, supported by strengthening customer demand as global markets recovered further from the COVID-19 pandemic. As a result, firms expanded their staff levels for the first time in a year-and-a-half. Meanwhile, increasing demand for inputs and widespread reports of supply problems contributed to a steep rise in purchasing costs in April, with the rate of inflation the sharpest for nearly five years. Also, output charge inflation accelerated markedly from March. Finally, business confidence jumped to the highest since July 2015, amid hopes that the COVID-19 pandemic will end and that business conditions will improve.
2021-05-05
South Africa Private Sector PMI Slightly Up in March
The IHS Markit South Africa PMI rose to 50.3 in March of 2021 from 50.2 a month earlier, pointing to a marginal improvement in operating conditions and the sixth in as many months. Output increased only marginally as new business inflows continued to decline. Also, job reductions continued, reflecting weak pressure on capacity and efforts by some companies to lower costs. Meanwhile, purchasing activity rose for the first time since last November, as firms sought to counter the rapid depletion in stocks. On the price front, input cost inflation soared to a 29-month high, driven by input shortages linked to global supply issues. Meantime, output charges increased modestly and at a far slower rate than for input costs, as many firms continued to offer price discounts aimed at stimulating market demand. Looking forward, business sentiment ticked down from February's recent high but was still largely positive on hopes that the pandemic will end soon.
2021-04-07

South Africa IHS Markit PMI
In South Africa, the IHS Markit South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.