The RMB/BER business confidence index in South Africa fell to 35 in the first quarter of 2021 from 40 in the previous period, despite the relaxation of some coronavirus restrictions. Confidence decreased across sectors, mostly retail due to weaker-than-expected Black Friday and festive sales, followed by manufacturing and new vehicle dealers. Sentiment among building contractors and wholesale traders also deteriorated slightly. source: Bureau for Economic Research (BER)
Business Confidence in South Africa averaged 42.91 points from 1975 until 2021, 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 May of 2021.
Business Confidence in South Africa is expected to be 35.00 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 35.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 38.00 points in 2022 and 42.00 points in 2023, according to our econometric models.