South Africa's private sector credit rose by 5.82 percent from a year earlier in October of 2018, slowing from a marginally revised 6.27 percent gain in a month earlier and missing market consensus of 6.41 percent. It was the weakest growth in private sector credit since July. Meantime, expansion in the broadly defined M3 measure of money supply went up 5.99 percent, after a 7 percent rise in September and below estimates of 7.05 percent. Private Sector Credit in South Africa averaged 13.79 percent from 1966 until 2018, reaching an all time high of 35.88 percent in July of 1981 and a record low of -2.35 percent in May of 1966.

Private Sector Credit in South Africa is expected to be 5.89 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in South Africa to stand at 5.84 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 3.11 percent in 2020, according to our econometric models.

South Africa Private Sector Credit
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 06:00 AM Private Sector Credit YoY 5.41% 5.68% 5.9% 5.2%
2018-09-28 06:00 AM Private Sector Credit YoY 6.74% 5.41% 5.5% 5.6%
2018-10-29 06:00 AM Private Sector Credit YoY 6.26% 6.74% 5.5% 6%
2018-11-29 06:00 AM Private Sector Credit YoY 5.82% 6.27% 6.41% 6.5%
2018-12-31 06:00 AM Private Sector Credit YoY 5.82%
2019-01-30 06:00 AM Private Sector Credit YoY 5.89%
2019-02-28 06:00 AM Private Sector Credit YoY


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 22.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.60 -0.70 4.70 -5.10 percent [+]
Retail Sales YoY 2.20 0.60 15.50 -6.30 percent [+]
Consumer Spending 1935614.00 1928113.00 1935614.00 260612.00 ZAR Million [+]
Disposable Personal Income 2911510.00 2868646.00 2911510.00 3393.00 ZAR Million [+]
Personal Savings 0.40 -0.20 23.80 -2.70 percent [+]
Private Sector Credit 5.82 6.27 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.22 1.17 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.10 33.10 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Private Sector Credit

Private sector credit measures year over year change in the bank lending to domestic private sector. This page provides the latest reported value for - South Africa Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Private Sector Credit - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.82 6.27 35.88 -2.35 1966 - 2018 percent Monthly




Country Last Previous
Australia 0.40 Oct/18
Brazil 2947201.00 Oct/18
Canada 4296739.00 Oct/18
Euro Area 13381018.60 Oct/18
Germany 2946631.00 Oct/18
Mexico 4581943809.00 Oct/18
Netherlands 1041162.00 Sep/18
Russia 40548833.00 Sep/18
Singapore 597746.40 Oct/18
South Africa 5.82 Oct/18
Spain 1184092.00 Oct/18
Turkey 1961712551.00 Oct/18
United States 9446.76 Oct/18


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