South Africa Manufacturing PMI

Last Release

Dec 31, 2024

Actual

46.2

Units In

Points

48.1

Frequency

Monthly

Next Release

Feb 03, 2025

Time to Release

24 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
60 Mar 2022	30.67 Apr 2020	50.81 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 dipped to 46.2 in December 2024, down from 48.1 in the prior month. This signaled a second consecutive monthly contraction in the country’s factory activity, marking the steepest decline since August, with both the business activity index and the new sales orders sub-index showing declines. Export sales fell to their lowest levels since the first half of 2024, while the supplier deliveries index rose above 50 for the first time in three months. On a positive note, the sub-index measuring expected business conditions in six months increased, reflecting optimism about the future.