South Africa's private sector credit rose by 7.66 percent from a year earlier in May of 2019, slowing from a 7.95 percent gain in a month earlier and below market expectations of 8 percent. Meantime, expansion in the broadly defined M3 measure of money supply expanded 9.07 percent in May, faster than a 8.77 percent rise in April and beating estimates of 8.6 percent. Private Sector Credit in South Africa averaged 13.71 percent from 1966 until 2019, reaching an all time high of 35.88 percent in July of 1981 and a record low of -2.35 percent in May of 1966.

Private Sector Credit in South Africa is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in South Africa to stand at 6.70 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 5.20 percent in 2020, according to our econometric models.

South Africa Private Sector Credit
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 06:00 AM Private Sector Credit YoY Feb 6.03% 6.52% 6.24% 5.9%
2019-04-30 06:00 AM Private Sector Credit YoY Mar 6.1% 6.03% 5.9% 6.1%
2019-05-31 06:00 AM Private Sector Credit YoY Apr 7.95% 6.04% 6.6% 6.5%
2019-06-28 06:00 AM Private Sector Credit YoY May 7.66% 7.95% 8% 8.1%
2019-07-29 06:00 AM Private Sector Credit YoY Jun 7.66% 8% 7.7%
2019-08-30 07:00 AM Private Sector Credit YoY Jul 8.0%
2019-09-30 07:00 AM Private Sector Credit YoY Aug 8.1%


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 5.00 2.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.10 1.00 4.60 -5.10 percent [+]
Retail Sales YoY 2.20 2.70 15.50 -6.30 percent [+]
Consumer Spending 1946237.00 1950359.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2994423.00 2978037.00 2994423.00 3520.00 ZAR Million [+]
Personal Savings -0.10 -0.50 23.80 -2.50 percent [+]
Private Sector Credit 7.66 7.95 35.88 -2.35 percent [+]
Bank Lending Rate 10.00 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.19 1.16 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.60 33.20 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Private Sector Credit

Private sector credit measures year over year change in the bank lending to domestic private sector. This page provides the latest reported value for - South Africa Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Private Sector Credit - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.66 7.95 35.88 -2.35 1966 - 2019 percent Monthly




Country Last Previous
Australia 0.20 May/19
Brazil 3082579.00 May/19
Canada 4412499.00 May/19
Euro Area 13622056.60 May/19
Germany 3022346.00 May/19
Mexico 4796800548.00 May/19
Netherlands 1047880.00 Mar/19
Russia 44195588.00 Apr/19
Singapore 610173.70 May/19
South Africa 7.66 May/19
Spain 1175567.00 May/19
Turkey 1988504409.00 May/19
United States 9801.37 Jun/19


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