01.07.202609:00:00UTC+00South Africa’s Manufacturing PMI Slips Back Into Contraction in June

South Africa’s manufacturing sector moved back into contraction territory in June 2026, as the seasonally adjusted Purchasing Managers’ Index (PMI) fell to 47.3 from 50.8 in May. A reading below 50 signals a decline in overall manufacturing activity, suggesting renewed pressure on an already fragile industrial landscape.

The deterioration in June follows a brief period of expansion in May 2026, when the PMI had climbed above the 50-point threshold. The latest print at 47.3, updated on 1 July 2026, points to weaker operating conditions for manufacturers and raises concerns about the sector’s ability to sustain growth momentum into the second half of the year.

While detailed subindex data were not provided, the headline decline underscores mounting headwinds for South African industry at the start of winter, with the June pullback erasing May’s improvement and reviving worries over output, employment, and investment in the sector.