21.34/litre
20.55/litre
3.0% y-o-y
0.7%
0.3% y-o-y
11.00 %
7.7% y-o-y
-2.6% y-o-y
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) started the year on the back foot, declining by 0.9 points to 45.3 points in January 2025. This suggests that the loss of momentum observed at the end of 2024 has not reversed at the start of the year. However, it was encouraging that activity and demand improved from low levels – albeit remaining in contractionary terrain.
After increasing to an eight-year high of 50 in 2024Q3, the FNB/BER Civil Confidence Index slipped to 48 in 2024Q4. Sentiment was lower amid renewed weakness in activity growth. However, an improvement in overall profitability partly counteracted this.
We have made slight downward revisions to our 2024 and 2025 real GDP growth forecasts. Although the consumer had a strong end to 2024 and should still do better this year relative to last year, private investment continues to disappoint. Structural reform progress has been too slow to ignite faster growth.
Read our latest economic forecast.
The release calendar will be updated each quarter. Please note that these dates may change.
Wednesday
5 March 2025
RMB/BER Business Confidence Index (BCI)
Monday
10 March 2025
FNB/BER Building Confidence Index
Tuesday
18 March 2025
Absa Manufacturing Survey
Tuesday
25 March 2025
FNB/BER Consumer Confidence Index (CCI)
Wednesday
12 March 2025
Other Services Survey
Monday
24 March 2025
Retail Survey
Thursday
27 March 2025
FNB/BER Civil Confidence Index
Monday
17 March 2025
Inflation Expectations Survey
Thursday
3 April 2025
Building Cost Report (BCIS)
The first working day of each month
Absa PMI
The first working day of each month
Update
The first week of each month
Trends
Every Friday
BER Weekly
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