South Africa PMI June 2018

South Africa

South Africa: Economy-wide PMI climbs in June

July 4, 2018

In June, the Standard Bank Purchasing Managers’ Index (PMI) climbed 0.9 points to 50.9 points, squeaking by the survey’s long-run average. Bouncing back from the 50.0-point threshold that distinguishes improvement in the South African business environment, June’s reading pointed to an output-driven expansion of the private sector.

Amid strengthening domestic demand, both output and new orders rose in June. In turn, payrolls were sent higher. Input prices jumped as fuel costs climbed, as did output prices—albeit at a slower rate. Inventories, meanwhile, fell in the month.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.9% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expects fixed investment to increase 2.1%.


Author:, Economist

Sample Report

Looking for forecasts related to PMI in South Africa? Download a sample report now.

Download

South Africa PMI Chart


South Africa PMI June 2018 0

Note: Standard Bank Purchasing Managers’ Index. Readings above 50 indicate an improvement in business conditions while readings below 50 point to a deterioration.
Source: Standard Bank


South Africa Economic News

More news

Search form