South Africa Manufacturing PMI

Last Release

Sep 30, 2024

Actual

52.8

Units In

Points

43.6

Frequency

Monthly

Next Release

Nov 01, 2024

Time to Release

28 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
60 Mar 2022	30.67 Apr 2020	50.82 Points	1999-2024	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) in South Africa rose to 52.8 in September 2024, up from 43.6 in the prior month. The latest reading indicated a renewed expansion in the country's factory activity, which was the strongest since April, amid improved demand. "The positive PMI results suggest that the manufacturing sector is stabilizing after a turbulent period, although challenges remain, particularly in employment," Absa said. "Both domestic and export demand showed signs of improvement. On the local consumer front, the recent interest rate cut adds to the expectation of a possible more positive demand story going forward," it noted.