South Africa's SACCI business confidence index dropped to 94 in March of 2021 from 94.1 in the previous month and after reaching a two-year high in January. It was the lowest reading since last November, amid uncertainty over the country's recovery due to the threat of a third wave of Covid-19. "It is important for South African authorities to address policy certainty, structural impediments and low investment ratings that are still preventing the economy from breaking through the present impasse,” SACCI said. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 107.80 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 May of 2021.
Coincident Index in South Africa is expected to be 89.50 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 89.70 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.00 points in 2022 and 93.00 points in 2023, according to our econometric models.