South Africa’s manufacturing sector moved back into expansionary territory in June 2026, as the S&P Global Manufacturing PMI rose to 50.5, up from 49.6 in May 2026. The latest reading, released on 3 July 2026, marks a notable shift from marginal contraction to slight growth, with the index climbing above the 50-point level that separates expansion from contraction.
The improvement suggests a modest strengthening in operating conditions for South African manufacturers following May’s subdued performance. While the uptick is incremental, the move above 50.0 is significant for market participants tracking the health of the industrial sector and its potential contribution to broader economic momentum in the months ahead.
