South Africa Manufacturing PMI

Last Release

Nov 30, 2024

Actual

48.1

Units In

Points

52.6

Frequency

Monthly

Next Release

Jan 02, 2025

Time to Release

29 Days 10 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 dropped to 48.1 in November 2024, down from 52.6 in the prior month. The latest reading signaled a renewed contraction in the country’s factory activity, with both the business activity and new sales orders sub-indices declining after the expansions observed in September and October. "While inflation and interest rates have come down relative to earlier in the year, demand remains unpredictable", Absa noted. "The global political outlook has become more complicated with concerns about global growth and trade dynamics following the election of Donald Trump as US President earlier in November", it added.