South Africa’s SACCI business confidence index fell to 89.3 in May of 2022 from 93.7 in April, the lowest since September 2020 dragged down by lower merchandise import and export volumes. source: South African Chamber of Commerce and Industry (SACCI)

Coincident Index in South Africa averaged 107.36 points from 1985 until 2022, 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 August of 2022.

Coincident Index in South Africa is expected to be 87.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.00 points in 2023 and 93.50 points in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
South Africa SACCI Business Confidence Index

Calendar GMT Actual Previous Consensus TEForecast
2022-06-14 08:20 AM Apr 93.7 95.6 94.7
2022-06-14 08:20 AM May 89.3 93.7 94.3
2022-08-10 09:30 AM Jul 89.5

Related Last Previous Unit Reference
Coincident Index 89.30 93.70 points May 2022

South Africa SACCI Business Confidence Index
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.
Actual Previous Highest Lowest Dates Unit Frequency
89.30 93.70 141.17 70.10 1985 - 2022 points Monthly
2015=100, NSA

News Stream
South Africa SACCI Business Morale at 3-Month High
South Africa’s SACCI business confidence index rose to a three-month high of 94.1 in January of 2022 from 92 in December, as external trade and retail sales recovered following the easing of Covid-19 restrictions and the end of the travel ban imposed by several countries after the discovery of the Omicron variant. Stronger new-vehicle sales and higher share prices also supported this level of confidence, while rising inflation and higher debt servicing costs had a negative impact.
South Africa SACCI Business Confidence Drops
South Africa's SACCI business confidence index fell to 92.8 in November of 2021 from 94.9 in October, as a new omicron coronavirus variant was discovered and restrictions among the nation’s major trading partners led to a slump in both exports and imports. “The disclosure by South African scientists sparked greater concern and negatively impacted the business climate. These announcements should be made with greater circumspection taking account of broader implications. Hopefully the rushed decisions by other countries on travel restrictions will be tempered as more information on the omicron variant emerges”, the chamber said. Higher inflation and uncertainty over energy supply were also major contributors to the decline in business confidence.
South Africa SACCI Business Morale at 1-Year Low
South Africa's SACCI business confidence index fell to 91 in September of 2021 from 91.9 in the previous month but still above pre-pandemic levels. It was the lowest reading since September of 2020, amid a decline in retail sales, manufacturing output and the real value of building plans passed. "Energy and water supply concerns, with increased utility tariffs, and higher fuel prices were also major contributors to a wary business outlook. Secure energy supply generally remains a crucial concern to the business community", Sacci said. The decrease was partly offset by exceptional improved year-on-year merchandise export volumes, a stronger rand exchange rate and an increased number of new vehicles sold.