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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa S&P Global PMI fell to 49.6 in May 2026
FMPMonthlyReleased June 2026
South Africa S&P Global PMI fell to 49.6 in May 2026, released June 2026, down 2 from April's 51.6 reading. The reading matched the 51 consensus.
Latest Release
49.600000
Actual
51.000000
Consensus
51.600000
Previous
Median Absolute Error
±1.01
across last 12 releases
Last Call
Jun 2026
Predicted: 51
Actual: 49.6
Error: +1.4
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 | +0.66 | COMMODITIES | Bullish XAU | → View |
| S&P 500 | ▼ Inverse | −0.33 | INDEX | Bearish S&P 500 | → View |
| EUR/USD | ▲ Direct | +0.26 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global PMI (South Africa) was reported at 49.60 in May 2026. This missed the market consensus of 51.00 by 1.40. The reading fell from the previous value of 51.60. Over the past 12 months, the indicator has averaged 49.52, ranging from 47.70 to 50.30 across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 49.87, up from the prior three at 48.50. Volatility over the past year (σ 0.81) is lower than the prior year (σ 1.12). In June readings over the past 3 years, S&P Global PMI has averaged 50.27.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.01.
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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About S&P Global PMI — South Africa
DEFINITION
The S&P Global PMI (Purchasing Managers' Index) is a widely recognized financial indicator that measures the economic health of the global manufacturing sector. It provides valuable insights into the current and future trends of production, new orders, employment, and supplier deliveries. This data is collected from surveys of purchasing managers in various industries and countries, making it a reliable and comprehensive measure of economic activity. The S&P Global PMI is used by investors, businesses, and policymakers to make informed decisions and assess the overall state of the global economy.
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, consensus 51. Prior reading (Apr 2026): 51.6. Before that (Mar 2026): 50.8.
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=0.66) — a useful reference for commodities-focused traders.