The RMB/BER business confidence index in South Africa fell to 42 in the second quarter of 2022 from 46 in the previous period, reaching the lowest since the first quarter of 2021. The deterioration in business sentiment was mainly felt by manufacturers and new vehicle dealers due to ongoing supply chain shortages and the temporary closure of the Toyota plant in the east coast city of Durban because of flooding. Meanwhile, building contractors turned decisively more upbeat. Confidence among retailers and wholesalers remained largely unchanged at a relatively high level. "Although the impact some of these shocks has had on the BCI is wearing off, there is plenty for businesspeople to still be anxious about," RMB chief economist Ettienne Le Roux said. South African business confidence has been stuck in the low 40s since mid-2021 due a string of shocks ranging from labour strikes and massive electricity shortages to war and floods. source: Bureau for Economic Research (BER)

Business Confidence in South Africa averaged 42.96 points from 1975 until 2022, reaching an all time high of 92 points in the third quarter of 1980 and a record low of 5 points in the second quarter of 2020. This page provides - South Africa Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Business Confidence in South Africa is expected to be 32.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Business Confidence is projected to trend around 45.00 points in 2023 and 38.00 points in 2024, according to our econometric models.

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South Africa Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-03-09 10:00 AM Q1 46 43 40
2022-06-08 10:00 AM Q2 42 46 32
2022-09-08 10:00 AM Q3 42 37


Related Last Previous Unit Reference
Business Confidence 42.00 46.00 points Jun 2022
Manufacturing PMI 52.20 54.80 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
42.00 46.00 92.00 5.00 1975 - 2022 points Quarterly

News Stream
South Africa Business Sentiment at Over 1-Year Low
The RMB/BER business confidence index in South Africa fell to 42 in the second quarter of 2022 from 46 in the previous period, reaching the lowest since the first quarter of 2021. The deterioration in business sentiment was mainly felt by manufacturers and new vehicle dealers due to ongoing supply chain shortages and the temporary closure of the Toyota plant in the east coast city of Durban because of flooding. Meanwhile, building contractors turned decisively more upbeat. Confidence among retailers and wholesalers remained largely unchanged at a relatively high level. "Although the impact some of these shocks has had on the BCI is wearing off, there is plenty for businesspeople to still be anxious about," RMB chief economist Ettienne Le Roux said. South African business confidence has been stuck in the low 40s since mid-2021 due a string of shocks ranging from labour strikes and massive electricity shortages to war and floods.
2022-06-08
South Africa Business Morale Stronger in Q1
The RMB/BER business confidence index in South Africa rose to 46 in the first quarter of 2022 from 43 in the previous period, reaching its highest level since the second quarter of 2021. The latest reading pointed to an improvement in sentiment among manufacturers, helped by strong domestic sales and exports. "Unfortunately, the stagflationary shock brought about by Russia’s invasion of the Ukraine has now triggered a significant degree of uncertainty around global, and by implication, SA’s GDP growth prospects.", RMB chief economist Ettienne Le Roux said.
2022-03-09
South Africa Business Sentiment Unchanged in Q4
The RMB/BER business confidence index in South Africa stayed flat at 43 in the fourth quarter of 2021, unchanged from the previous three-month period, amid concerns over recurrent power cuts across the country and rising inflationary pressures due to intensifying supply chain issues. Furthermore, a prolonged metalworkers' strike during October and its impact on business activity also weighed on sentiment. "Supply chain disruptions, insufficient stocks, load-shedding and escalating cost increases will prevail for a while longer, so dimming the hopes of a further strong recovery in the RMB/BER BCI any time soon" RMB chief economist Ettienne Le Roux said.
2021-11-24