South Africa's SACCI business confidence index rose to 97 in May of 2021 from 94.7 in the previous month, reaching its highest level since March of 2018, mainly attributed to higher export volumes and manufacturing. "The BCI points towards an improving business climate. This can however mainly be ascribed to an improved trade balance that positively affected the rand exchange rate which in turn took pressure off cost-push inflationary pressures," SACCI said. source: South African Chamber of Commerce and Industry (SACCI)
Coincident Index in South Africa averaged 107.77 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 June of 2021.
Coincident Index in South Africa is expected to be 93.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Coincident Index in South Africa to stand at 92.00 in 12 months time. In the long-term, the South Africa SACCI Business Confidence Index is projected to trend around 92.00 points in 2022 and 93.00 points in 2023, according to our econometric models.