South Africa PMI

South Africa

South Africa: PMI improves markedly in March

April 6, 2015

The HSBC Purchasing Managers’ Index (PMI) rose from 50.0 in February to 51.6 in March, which marked the highest figure in five months. As a result of the monthly increase, the index is now above the 50-threshold, which separates expanding from contracting conditions in business activity.

March’s increase came mainly on the back of an increase in new orders, which increased for the first time since November. Conversely, new export business recorded further decreases in March. According to HSBC, “the combination of increased new order intakes, rising buying activity and an accumulation of pre-production inventories suggests that we should expect further output growth in coming months.”

FocusEconomics Consensus Forecast panelists see investment rising 3.3% in 2015, which is up 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects industrial production to increase 2.9%.


Author:, Senior Economist

Sample Report

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

Download

South Africa PMI Chart


SouthAfrica PMI March 2015 0

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


South Africa Economic News

More news

Search form