The Standard Bank South Africa PMI increased to 48 in September of 2018 from 47.2 in the previous month. The reading pointed to the third straight month of contraction in private sector activity. Output and new business dropped at a softer pace. On the other hand, new export orders contracted at the fastest rate since April and employment declined further in September.
In terms of prices, input price inflation rose to a twentieth-six month high, as rand depreciation continued to exert pressure on overall cost burdens. By contrast, output cost increased at a softer pace in September, as the wider recession in the economy limited firms’ pricing power. Composite Pmi in South Africa is reported by Markit Economics.
In South Africa, the Standard Bank South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies.
The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This page provides – South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Standard Bank PMI – actual data, historical chart and calendar of releases – was last updated on September of 2018.