Markit South Africa Purchasing Managers Index (PMI)

Country:
South Africa
ZAR, South African rand
Source:
Sector:
Business
Medium 42.5 26.7
32.5
Last release Importance Actual Forecast
Previous
37.3
42.5
Next release Actual Forecast
Previous
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South African Markit Purchasing Manager Index (PMI) is an indicator of business conditions calculated by IHS Markit based on monthly surveys of purchasing managers from about 400 private sector companies.

Purchasing managers can sometimes track changes in market conditions earlier than other company employees, since purchases precede a company's production activity, so those among the first to notice the changes are those responsible of purchases. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies from all sectors, including agriculture, mining, manufacturing, construction, services, wholesale and retail trade.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work: input and output prices, employment, production, new orders, etc. Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. Individual subindices are calculated based on these answers. These subindices characterize inflation, employment and other key indicators of economic activity. The responses are collected in the second half of each month.

The final index is calculated by adding half the percentage of "unchanged" answers to the percentage of answers that evaluate the current level as "higher". Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering business activity in the entire private sector of South Africa. It is interpreted as a leading indicator of production and inflation. PMI growth indicates favorable market conditions and it can be seen as positive for the South African rand.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit South Africa Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
42.5
26.7
32.5
May 2020
32.5
16.3
35.1
Apr 2020
35.1
45.5
44.5
Mar 2020
44.5
48.3
48.4
Feb 2020
48.4
47.5
48.3
Jan 2020
48.3
47.7
47.6
Dec 2019
47.6
49
48.6
Nov 2019
48.6
49.4
Oct 2019
49.4
49.2
Sep 2019
49.2
49.7
Aug 2019
49.7
48.4
Jul 2019
48.4
49.7
Jun 2019
49.7
49.3
May 2019
49.3
50.3
Apr 2019
50.3
48.8
Mar 2019
48.8
50.2
Feb 2019
50.2
49.6
Jan 2019
49.6
49
Dec 2018
49
48.2
Nov 2018
48.2
46.9
Oct 2018
46.9
48
Sep 2018
48
47.2
Aug 2018
47.2
49.3
Jul 2018
49.3
50.9
Jun 2018
50.9
50
May 2018
50
50.4
Apr 2018
50.4
51.1
Mar 2018
51.1
51.4
Feb 2018
51.4
49
Jan 2018
49
48.4
Dec 2017
48.4
48.8
Nov 2017
48.8
49.6
Oct 2017
49.6
48.5
Sep 2017
48.5
49.8
Aug 2017
49.8
50.1
Jul 2017
50.1
49
Jun 2017
49
50.2
May 2017
50.2
50.3
Apr 2017
50.3
50.7
Mar 2017
50.7
50.5
Feb 2017
50.5
51.3
Jan 2017
51.3
51.6
Dec 2016
51.6
50.8
Nov 2016
50.8
50.5
Oct 2016
50.5
50.7
Sep 2016
50.7
49.8
Aug 2016
49.8
49.9
Jul 2016
49.9
49.6
Jun 2016
49.6
50.2
May 2016
50.2
47.9

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