FX.co ★ South Africa’s Manufacturing PMI Dips in May, Hitting 43.1

South Africa's manufacturing sector continued its downward trajectory in May 2025, as evidenced by the latest Purchasing Managers Index (PMI) data. According to figures updated on June 2, the Manufacturing PMI fell to 43.1 in May, down from 44.7 in April. This marks a further contraction in the sector's activity, as readings below 50 indicate a decline in manufacturing conditions.

The continued downturn raises concerns amidst a landscape of economic challenges, which have seen decreasing outputs and industry pressure. The fall to 43.1 highlights the ongoing struggles faced by South African manufacturers, who are grappling with inconsistent demand and a tough business environment.

These latest PMI figures shed light on the persistent issues in South Africa's manufacturing sector, underscoring the need for strategic economic responses to stimulate growth and stabilize the industry. As the sector continues to contract, businesses and policymakers alike will be watching intently for signs of recovery in the months ahead.