South Africa's SACCI business confidence index fell to 93.2 in July of 2021 from 96.2 in June and pulling away from a more than three-year high of 97 in May. It was the lowest reading since last October, reflecting the negative impact of several days of civil unrest in some parts of the country. "The spate of looting and destruction during July in certain areas of South Africa, whatever the intention, was a setback to inclusivity, growth and job creation," SACCI said. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 107.68 points from 1985 until 2021, 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 September of 2021.
Coincident Index in South Africa is expected to be 97.00 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 95.00 points in 2022 and 93.00 points in 2023, according to our econometric models.