Sydafrika - Erhverv Confidence

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.

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.

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.