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. Business Confidence in South Africa averaged 43.53 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.

Business Confidence in South Africa is expected to be 24.00 Index 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 10.00 in 12 months time. In the long-term, the South Africa Business Confidence is projected to trend around 18.00 Index Points in 2020, according to our econometric models.

South Africa Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-27 10:00 AM Business Confidence Q4 31 34 40
2019-03-13 10:10 AM Business Confidence Q1 28 31 30
2019-06-13 10:15 AM Business Confidence Q2 28 28 25
2019-09-11 11:00 AM Business Confidence Q3 21 28 24
2019-11-27 10:00 AM Business Confidence Q4 21 14


South Africa Business Last Previous Highest Lowest Unit
Business Confidence 21.00 28.00 92.00 12.00 Index Points [+]
Manufacturing PMI 45.70 52.10 60.87 35.09 [+]
Industrial Production -1.10 -3.60 18.50 -23.20 percent [+]
Industrial Production Mom 0.40 -1.90 9.10 -8.70 percent [+]
Capacity Utilization 81.70 81.40 86.20 76.90 percent [+]
Changes in Inventories 25999.00 -13686.00 66699.00 -59774.00 ZAR Million [+]
Bankruptcies 183.00 163.00 511.00 63.00 Companies [+]
Total Vehicle Sales 45537.00 46077.00 65689.00 18482.00 [+]
Car Registrations 29003.00 29457.00 43659.00 5155.00 [+]
Leading Economic Index -0.40 -1.50 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 [+]
Steel Production 464.40 454.30 885.00 182.00 Thousand Tonnes [+]
Mining Production 2.40 -4.10 23.20 -17.40 percent [+]
Coincident Index 89.10 92.00 141.17 88.12 Index Points [+]
Competitiveness Index 60.76 60.86 60.86 4.31 Points [+]
Competitiveness Rank 67.00 62.00 67.00 35.00 [+]
Composite Pmi 49.70 48.40 52.70 46.40 [+]
Ease of Doing Business 82.00 82.00 82.00 32.00 [+]
Electricity Production 22530.00 21934.00 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 -13.10 -16.00 75.70 -47.10 percent [+]


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. This page provides - South Africa Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Business Confidence - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21.00 28.00 92.00 12.00 1975 - 2019 Index Points Quarterly




Country Last Previous
Australia 1.00 Aug/19
Brazil 59.40 Sep/19
Canada 60.60 Aug/19
China 49.50 Aug/19
Euro Area 0.11 Aug/19
France 102.00 Aug/19
Germany 94.30 Aug/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 99.70 Aug/19
Japan 7.00 Jun/19
Mexico 49.70 Aug/19
Netherlands 3.90 Aug/19
Russia -2.00 Aug/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 68.00 Aug/19
Spain 1.40 Aug/19
Switzerland 97.00 Aug/19
Turkey 102.50 Aug/19
United Kingdom -32.00 Sep/19
United States 49.10 Aug/19


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