South Africa’s SACCI business confidence index rose to 110.9 in September of 2022 from 105.6 in the previous month. It was the highest reading since February, as an increase in tourism and trade volumes outweighed higher interest rates and lower share prices. "Business confidence presently remains resilient and at a better level than the average for 2020," SACCI said. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 123.96 points from 1985 until 2022, reaching an all time high of 163.17 points in December of 2006 and a record low of 81.00 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 November of 2022.
Coincident Index in South Africa is expected to be 107.00 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 105.00 points in 2023 and 103.00 points in 2024, according to our econometric models.