South Africa Manufacturing PMI

Last Release

Feb 28, 2025

Actual

44.7

Units In

Points

45.3

Frequency

Monthly

Next Release

Apr 01, 2025

Time to Release

26 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
60 Mar 2022	30.67 Apr 2020	50.77 Points	1999-2025	Bureau for Economic Research (BER)

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.

Latest Updates

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) for South Africa dropped to 44.7 in February 2025 from 45.3 in January, marking the fourth consecutive contraction in factory activity and the sharpest decline since August 2024. Businesses cited weakening demand and input supply challenges as key factors behind the slowdown. Export sales also deteriorated further due to subdued global demand, trade disputes, and logistical disruptions. "Uncertainties about global trade dynamics continued, with some respondents flagging that increased tension in SA-US relations had specifically worsened their prospects," Absa said.