The South Africa's SACCI business confidence index was 85.7 in September of 2020, little-changed from 85.8 in August and close to pre-pandemic levels, as the further easing of the country's lockdown restrictions boosted manufacturing output, exports and imports. Meanwhile, a sustained decline in retail sales volumes, lower share prices on the JSE and less real credit to the private sector weighed on sentiment. "The country remains in a fragile situation and therefore government should continue to pursue enabling policies and an environment that encourages the business sector to fast-track growth and employment creation", SACCI said. South Africa has moved to Level 1 lockdown restrictions from September 21st, 2020, following a significant decrease in Covid-19 cases. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 107.99 points from 1985 until 2020, reaching an all time high of 141.17 points in December of 2006 and a record low of 70.10 points in May of 2020. This page provides - South Africa SACCI Business Confidence Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa SACCI Business Confidence Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Coincident Index in South Africa is expected to be 89.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Coincident Index in South Africa to stand at 91.30 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 91.00 points in 2021 and 92.00 points in 2022, according to our econometric models.