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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa S&P Global Manufacturing PMI fell to 49.6 in May 2026
FMPMonthlyReleased June 2026
South Africa S&P Global Manufacturing PMI fell to 49.6 in May 2026, released June 2026, down 2 from April's 51.6 reading.
Latest Release
49.600000
Actual
—
Consensus
51.600000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.78 | COMMODITIES | Bullish XAU | → View |
| EUR/USD | ▲ Direct | +0.55 | FOREX | Bullish EUR | → View |
| USD/ZAR | ▼ Inverse | −0.51 | FOREX | Bearish USD | → View |
| S&P 500 | ▼ Inverse | −0.35 | INDEX | Bearish S&P 500 | → 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 49.60 in May 2026. The reading fell from the previous value of 51.60. Over the past 12 months, the indicator has averaged 49.59, ranging from 47.70 to 50.80 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 49.80, up from the prior three at 49.23. In June readings over the past 3 years, S&P Global Manufacturing PMI has averaged 50.40.
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 July 3, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (May 2026): actual 49.6. Prior reading (May 2026): 50.8. Before that (Apr 2026): 51.6.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.78) — a useful reference for commodities-focused traders.