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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa S&P Global Manufacturing PMI climbed to 50.5 Points in August 2026
FMPMonthlyReleased September 2026
South Africa S&P Global Manufacturing PMI climbed to 50.5 Points in August 2026, released September 2026, up 0.2 Points from July's 50.3 Points reading.
Latest Release
50.500000
Actual
—
Consensus
50.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.71 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.67 | FOREX | Moves with | → View |
| USD/ZAR | ▼ Inverse | −0.52 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (South Africa) was reported at 50.50 Points in August 2026. The reading rose from the previous value of 50.30 Points. Over the past 12 months, the indicator has averaged 49.12 Points, ranging from 45.80 Points to 50.80 Points across 13 releases.
WHY IT MATTERS
The trailing three releases averaged 48.87 Points, down from the prior three at 49.07 Points. Volatility over the past year (σ 1.46 Points) is higher than the prior year (σ 1.12 Points). In September readings over the past 3 years, S&P Global Manufacturing PMI has averaged 48.80 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Sep 23) and Inflation Rate YoY (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Manufacturing PMI - ZA
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About S&P Global Manufacturing PMI — South Africa
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 50.5 Points. Prior reading (Aug 2026): 45.8 Points. Before that (Jul 2026): 50.3 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.71) — a useful reference for commodities-focused traders.
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Economic Calendar - ZA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Expectations | 4.2 | 4.4 | 4.40 | Low | |
| 11:00 | ZA | Retail Sales MoM | -0.6 | 0.7 | 1.65 | Low | |
| 11:00 | ZA | Retail Sales YoY | 1.6 | -3 | -2.70 | Low | |