South Africa SACCI Business Confidence Index

The South Africa's SACCI business confidence index dropped to 92 in July 2019, after increasing marginally to 93.3 in the previous month. This was the worst reading since March, amid decreases in the sub-indexes of import and export volumes, manufacturing and new vehicle sales. "The high level of optimism that existed immediately after the election of President Cyril Ramaphosa, is being affected by indications that the ruling party is divided on policy, political and factional lines, on the basis that these divisions have a direct impact in government’s efficiency and effectiveness in implementing its policies and managing the fiscus,” said Sacci. Coincident Index in South Africa averaged 108.70 Index Points from 1985 until 2019, reaching an all time high of 141.17 Index Points in December of 2006 and a record low of 88.12 Index Points in April of 1985.

Coincident Index in South Africa is expected to be 92.20 Index 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 93.70 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 94.50 Index Points in 2020, according to our econometric models.

South Africa SACCI Business Confidence Index

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Calendar	GMT		Actual	Previous	TEForecast
2019-05-07	09:30 AM	SACCI Business Confidence Apr	93.7	91.8	92.4
2019-06-05	09:30 AM	SACCI Business Confidence May	93.0	93.7	94.0
2019-07-03	09:30 AM	SACCI Business Confidence Jun	93.3	93.0	94
2019-08-07	09:30 AM	SACCI Business Confidence Jul	92.0	93.3	94
2019-09-12	09:30 AM	SACCI Business Confidence Aug		92.0	93
2019-10-10	09:30 AM	SACCI Business Confidence Sep			92.2
2019-11-07	09:30 AM	SACCI Business Confidence Oct

South Africa Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	28.00	28.00	92.00	12.00	Index Points	[+]
Manufacturing PMI	52.10	46.20	60.87	35.09		[+]
Industrial Production	-3.20	0.40	18.50	-23.20	percent	[+]
Industrial Production Mom	-1.50	-1.90	9.10	-8.70	percent	[+]
Capacity Utilization	81.70	81.40	86.20	76.90	percent	[+]
Changes in Inventories	-11587.00	-53932.00	66699.00	-59774.00	ZAR Million	[+]
Bankruptcies	163.00	216.00	511.00	63.00	Companies	[+]
Total Vehicle Sales	46077.00	45940.00	65689.00	18482.00		[+]
Car Registrations	29477.00	28885.00	42915.00	5155.00		[+]
Leading Economic Index	-0.40	-1.50	4.70	-3.70	percent	[+]
Internet Speed	6736.79	6595.61	6736.79	685.91	KBps	[+]
IP Addresses	4274668.00	3727821.00	6727656.00	520279.00	IP	[+]
Steel Production	454.30	509.50	885.00	182.00	Thousand Tonnes	[+]
Mining Production	-4.20	-1.50	23.20	-17.40	percent	[+]
Coincident Index	92.00	93.30	141.17	88.12	Index Points	[+]
Competitiveness Index	60.76	60.86	60.86	4.31	Points	[+]
Competitiveness Rank	67.00	62.00	67.00	35.00		[+]
Composite Pmi	48.40	49.70	52.70	46.40		[+]
Ease of Doing Business	82.00	82.00	82.00	32.00		[+]
Electricity Production	21923.00	22069.00	23801.00	10439.00	Gigawatt-hour	[+]
Corruption Index	43.00	43.00	56.80	41.00	Points	[+]
Corruption Rank	73.00	71.00	73.00	23.00		[+]
Gold Production	-16.00	-24.30	75.70	-47.10	percent	[+]

In South Africa, the SACCI Business Confidence Index reflects the neutral sentiment in the market place, as it captures the prevailing business climate and what businesses are experiencing. The index is composed by thirteen sub-indices, including energy supply, manufacturing, exports, imports, vehicle and retail sales, construction, inflation, share prices, private sector borrowing, financing cost, precious metal prices and exchange rate. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.