South Africa's SACCI business confidence index rose to 94.5 in January of 2020 from 94.3 in the previous month. It was the highest reading since January of 2019, despite the reintroduction of adjusted lockdown level 3 in late December. The main positive contributions came from increased merchandise import volumes and retail trade. Conversely, declines were seen in merchandise export volumes and vehicle sales. “South Africa finds itself in a fiscal logjam and therefore it has become essential for the government to prioritize economic restoration while addressing the health hazard posed by the pandemic", Sacci said. In 2020, average business confidence declined to 86.5 from 92.6 in 2019, reaching its lowest level since 1985, when the United Nations Security Council called on members to introduce more far-reaching economic sanctions against South Africa over its apartheid policies. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 107.86 points from 1985 until 2021, 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 February of 2021.
Coincident Index in South Africa is expected to be 90.00 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 92.00 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.50 points in 2022, according to our econometric models.