The RMB/BER business confidence index in South Africa fell further to 5 in the second quarter of 2020 from 18 in the previous period, reaching a record low since the series began in 1975. The lockdown measures that were taken to address the health emergency posed by COVID-19 severely impacted on already-weak business conditions. Activity collapse across sectors would agree with a severe contraction in GDP in the second quarter.
Business Confidence in South Africa averaged 43.08 points from 1975 until 2020, reaching an all time high of 92 points in the third quarter of 1980 and a record low of 5 points in the second quarter of 2020. This page provides - South Africa Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Bureau for Economic Research (BER)
Business Confidence in South Africa is expected to be 7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in South Africa to stand at 14.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 16.00 points in 2021 and 20.00 points in 2022, according to our econometric models.