The RMB/BER business confidence index in South Africa rose for the first time in two years to 26 in Q4 2019 after hitting a 20-year low of 21 in the prior period, as sentiment improved among constructors, manufacturers and retailers. Still, confidence remained stuck in negative territory, with the index well below the 3-year high of 44 reached in Q1 2018 when Cyril Ramaphosa took over as president of the country. "At current levels, business confidence remains consistent with an economy bumbling along in near recession-like conditions,” RMB said. Business Confidence in South Africa averaged 43.43 Index Points from 1975 until 2019, reaching an all time high of 92 Index Points in the third quarter of 1980 and a record low of 12 Index Points in the fourth quarter of 1977. source: Bureau for Economic Research (BER)

Business Confidence in South Africa is expected to be 16.00 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 18.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 15.00 points in 2020, according to our econometric models.

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South Africa Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
26.00 21.00 92.00 12.00 1975 - 2019 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-13 10:10 AM Q1 28 31 30
2019-06-13 10:15 AM Q2 28 28 25
2019-09-11 11:00 AM Q3 21 28 24
2019-11-27 10:00 AM Q4 26 21 14
2020-03-13 10:10 AM Q1 26 24


News Stream
2019-09-11
South Africa Q3 Business Sentiment at 20-Year Low
The RMB/BER business confidence index in South Africa plunged to 21 in Q3 2019, its lowest level since Q2 1999, from 28 in the prior period, as concerns about the health of the economy grew. Sentiment deteriorated in four of the five subindexes with the retail and wholesale trade declining the most. Only motor trade showed improvement, but still the index is very low. "It would appear that more and more business people participating in the survey are simply giving up hope, a concerning development, and one that spells even greater trouble ahead for an already weak economy", RMB said.

2019-06-13
South Africa Business Confidence Stable in Q2
The RMB/BER business confidence index in South Africa stood at 28 in the second quarter of 2019, unchanged from previous period. It remains at the lowest level since Q2 2017, as sentiment deteriorated sharply among new vehicle dealers and manufacturers. Meanwhile, slight improvements were seen in building, retail and wholesale trade sectors.

2019-03-13
South Africa Business Confidence at Near 2-Year Low in Q1
The RMB/BER business confidence index in South Africa fell 3 points to 28 in the first quarter of 2019, from 31 in the previous period. It is the weakest confidence since Q2 2017 as deterioration was observed in four out of the five sectors: construction, retail, wholesale, manufacturing and new vehicle trade.


South Africa Business Confidence
In South Africa, the BER Business Confidence Index covers 1,400 business people in the building sector, 1,400 in the trade sector and 1,000 in manufacturing. The survey assesses the level of optimism that senior executives in the companies have about current and expected developments regarding sales, orders, employment, inventories and selling prices. The index varies on a scale of 0 to 100, where 0 indicates an extreme lack of confidence, 50 neutrality and 100 extreme confidence.

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 26.00 21.00 92.00 12.00 points [+]
Manufacturing PMI 47.10 47.70 57.89 38.38 points [+]
Industrial Production -3.60 -0.80 18.50 -23.20 percent [+]
Industrial Production Mom -1.50 2.50 9.10 -8.70 percent [+]
Capacity Utilization 80.40 81.70 86.20 76.90 percent [+]
Changes in Inventories -9526.00 27391.00 66699.00 -59774.00 ZAR Million [+]
Bankruptcies 219.00 178.00 511.00 63.00 Companies [+]
Total Vehicle Sales 41698.00 44670.00 65689.00 18482.00 [+]
Car Registrations 28965.00 31403.00 43659.00 5155.00 [+]
Leading Economic Index 0.70 -0.70 4.70 -3.70 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Mining Production -3.10 -2.10 23.20 -17.40 percent [+]
Steel Production 384.90 501.90 885.00 182.00 Thousand Tonnes [+]
Coincident Index 93.10 92.70 141.17 88.12 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite Pmi 47.60 48.60 52.70 46.40 points [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 20653.00 21571.00 23801.00 10439.00 Gigawatt-hour [+]
Corruption Index 43.00 43.00 56.80 41.00 Points [+]
Corruption Rank 73.00 71.00 73.00 23.00 [+]
Gold Production 5.20 -1.40 75.70 -47.10 percent [+]