The seasonally adjusted Absa Purchasing Managers’ Index fell further to 47.3 in July 2023, from 47.6 in the prior month. The latest reading pointed to the sixth consecutive month of contraction in South African manufacturing activity and the steepest since July 2021. The business activity sub-index saw a sharp decline of almost 11 points in July. "Besides the return of more intensive power cuts, delays in receiving inputs amid the transport disruptions on the N3 corridor through the month of July may explain the large drop," Absa said. Indeed, a substantial rise in the supplier deliveries index to the highest level so far this year was noted. On a more positive note, the PMI price sub-index moved down notably in July source: Bureau for Economic Research (BER)

Manufacturing PMI in South Africa averaged 50.94 points from 1999 until 2023, reaching an all time high of 60.00 points in March of 2022 and a record low of 30.67 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 August of 2023.

Manufacturing PMI in South Africa is expected to be 51.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Manufacturing PMI is projected to trend around 53.00 points in 2024 and 54.00 points in 2025, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

South Africa Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 47.29 47.60 points Jul 2023
Business Confidence 27.00 36.00 points Jun 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
47.29 47.60 60.00 30.67 1999 - 2023 points Monthly

News Stream
South African Factory Activity Falls the Most in 2 Years
The seasonally adjusted Absa Purchasing Managers’ Index fell further to 47.3 in July 2023, from 47.6 in the prior month. The latest reading pointed to the sixth consecutive month of contraction in South African manufacturing activity and the steepest since July 2021. The business activity sub-index saw a sharp decline of almost 11 points in July. "Besides the return of more intensive power cuts, delays in receiving inputs amid the transport disruptions on the N3 corridor through the month of July may explain the large drop," Absa said. Indeed, a substantial rise in the supplier deliveries index to the highest level so far this year was noted. On a more positive note, the PMI price sub-index moved down notably in July.
2023-08-01
South Africa Factory Activity Shrinks More than Expected
The seasonally adjusted Absa Purchasing Managers’ Index fell once again to 47.6 in June 2023, from 49.2 in May and worse than market expectations of 48.9. It marks the fifth consecutive month of contraction in manufacturing activity and the steepest since July last year, as business conditions deteriorated further. "A key drag on the sector seems to come from weak demand, with the new sales orders index edging down once again as the decline in export sales deepened and domestic demand remains under pressure," Absa said. "However, the survey signaled that business conditions will improve by the end of the year," it added.
2023-07-03
South Africa Factory Activity Shrinks for 4th Month
The seasonally adjusted Absa Purchasing Managers’ Index fell to 49.2 points in May of 2023, from 49.8 in the prior month. The latest reading pointed to the fourth consecutive month of contraction in manufacturing activity, amid a sharp deterioration in the business outlook to its weakest since early 2020, amid the ongoing power crisis in South Africa. "This is the most pessimistic respondents have been about the near-term outlook since the strictest phase of South Africa's COVID-lockdown three years ago," Absa said. "The average index level of business activity in the first two months of the second quarter is below the first-quarter average. This suggests that the sector may once again detract from quarterly GDP growth after an expected expansion in the first quarter.", it added.
2023-06-01