Economic information that works for you Media & eventsRelease calendarEventsPress Releases BER press release (Archive) Documents and/or reports issued to the news media and other targeted publicationsCommunication & administration: Celeste Booysen (021-808 9755) cbooysen@sun.ac.zaMembers of the press can sign up here to the mail distribution list for BER press releases. 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 FNB/BER Consumer Confidence Index 2019Q1 Last updated: Apr 24 2019 9:53AM After holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER read moreAfter holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER business confidence index and points to dismal growth in consumer spending in the first half of 2019. Although the national election in May could see a transitory uptick in consumer sentiment, real after-tax household income will likely remain under pressure throughout 2019. Inflation Expectations 2019Q1 Last updated: Mar 28 2019 1:08PM In the first quarter of 2019, inflation expectations for both 2019 and 2020 declined across all social groups relative to the previous quarter. The average for 2019 declined from 5.4% to 4.8% and for 2020 from 5.4% to 5.2%. Inflation is expected to edge read moreIn the first quarter of 2019, inflation expectations for both 2019 and 2020 declined across all social groups relative to the previous quarter. The average for 2019 declined from 5.4% to 4.8% and for 2020 from 5.4% to 5.2%. Inflation is expected to edge up marginally to 5.3% in 2021. Of all the social groups, business people made the biggest downward adjustment in their expectations, namely from 5.7% to 5.1% in respect of 2019 and from 5.8% to 5.3% for 2020. Trade unions scaled their forecasts for 2019 and 2020 back by 0.5 and 0.3 percentage points (% pts) and analysts by 0.5 and 0.1% pts respectively. FNB Civil Confidence Index 2019Q1 Last updated: Mar 26 2019 8:51AM After remaining largely unchanged in 2018Q4, the FNB/BER Civil Confidence Index shed 8 points to register its lowest level ever of 10. Confidence was lower largely on the back of weaker activity growth, which also weighed on profitability. read moreAfter remaining largely unchanged in 2018Q4, the FNB/BER Civil Confidence Index shed 8 points to register its lowest level ever of 10. Confidence was lower largely on the back of weaker activity growth, which also weighed on profitability. FNB/BER Building Confidence Index 2019Q1 Last updated: Mar 18 2019 8:16AM The FNB/BER Building Confidence Index lost 7 points to reach an almost eight-year low of 25. During the quarter, two of the six sub-sectors registered higher confidence. Of the four that registered lower confidence, manufacturers (-24) and hardware retailers read moreThe FNB/BER Building Confidence Index lost 7 points to reach an almost eight-year low of 25. During the quarter, two of the six sub-sectors registered higher confidence. Of the four that registered lower confidence, manufacturers (-24) and hardware retailers (-23) saw the biggest decline. Overall, the results suggest an intensification of the weak demand conditions plaguing the sector over the past few quarters, with little relief on the horizon RMB/BER Business Confidence Index 2019Q1 Last updated: Mar 13 2019 11:54AM A broad-based weakening in activity pushed confidence down to worrying lows. The RMB/BER BCI declined by a further three points to 28 in the first quarter of 2019. This is the lowest level since the 27 index points recorded in the second quarter of 2017, and read moreA broad-based weakening in activity pushed confidence down to worrying lows. The RMB/BER BCI declined by a further three points to 28 in the first quarter of 2019. This is the lowest level since the 27 index points recorded in the second quarter of 2017, and before that, the deep recession of 2009. Striking in the first quarter results is how broad-based the weakness in activity has become. Since taking over the reins, President Ramaphosa has launched several initiatives to help reverse South Africa’s decline. But more than this is necessary to get South Africa out of its low-growth bind. Forceful, and in some instances, unpopular structural reforms must also form part of the mix. FNB/BER Consumer Confidence Index 2018Q4 Last updated: Jan 24 2019 10:01AM After falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked read moreAfter falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked at the height of Ramaphoria. Nevertheless, the latest reading is still above the long-run average reading for the CCI, suggesting that most consumers are fairly optimistic with respect to the outlook for the SA economy and their own household finances. However, order for a more enduring and significant improvement in consumer spending to take hold, household income and credit growth will also need to accelerate.
BER press release (Archive) Documents and/or reports issued to the news media and other targeted publicationsCommunication & administration: Celeste Booysen (021-808 9755) cbooysen@sun.ac.zaMembers of the press can sign up here to the mail distribution list for BER press releases. 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 FNB/BER Consumer Confidence Index 2019Q1 Last updated: Apr 24 2019 9:53AM After holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER read moreAfter holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER business confidence index and points to dismal growth in consumer spending in the first half of 2019. Although the national election in May could see a transitory uptick in consumer sentiment, real after-tax household income will likely remain under pressure throughout 2019. Inflation Expectations 2019Q1 Last updated: Mar 28 2019 1:08PM In the first quarter of 2019, inflation expectations for both 2019 and 2020 declined across all social groups relative to the previous quarter. The average for 2019 declined from 5.4% to 4.8% and for 2020 from 5.4% to 5.2%. Inflation is expected to edge read moreIn the first quarter of 2019, inflation expectations for both 2019 and 2020 declined across all social groups relative to the previous quarter. The average for 2019 declined from 5.4% to 4.8% and for 2020 from 5.4% to 5.2%. Inflation is expected to edge up marginally to 5.3% in 2021. Of all the social groups, business people made the biggest downward adjustment in their expectations, namely from 5.7% to 5.1% in respect of 2019 and from 5.8% to 5.3% for 2020. Trade unions scaled their forecasts for 2019 and 2020 back by 0.5 and 0.3 percentage points (% pts) and analysts by 0.5 and 0.1% pts respectively. FNB Civil Confidence Index 2019Q1 Last updated: Mar 26 2019 8:51AM After remaining largely unchanged in 2018Q4, the FNB/BER Civil Confidence Index shed 8 points to register its lowest level ever of 10. Confidence was lower largely on the back of weaker activity growth, which also weighed on profitability. read moreAfter remaining largely unchanged in 2018Q4, the FNB/BER Civil Confidence Index shed 8 points to register its lowest level ever of 10. Confidence was lower largely on the back of weaker activity growth, which also weighed on profitability. FNB/BER Building Confidence Index 2019Q1 Last updated: Mar 18 2019 8:16AM The FNB/BER Building Confidence Index lost 7 points to reach an almost eight-year low of 25. During the quarter, two of the six sub-sectors registered higher confidence. Of the four that registered lower confidence, manufacturers (-24) and hardware retailers read moreThe FNB/BER Building Confidence Index lost 7 points to reach an almost eight-year low of 25. During the quarter, two of the six sub-sectors registered higher confidence. Of the four that registered lower confidence, manufacturers (-24) and hardware retailers (-23) saw the biggest decline. Overall, the results suggest an intensification of the weak demand conditions plaguing the sector over the past few quarters, with little relief on the horizon RMB/BER Business Confidence Index 2019Q1 Last updated: Mar 13 2019 11:54AM A broad-based weakening in activity pushed confidence down to worrying lows. The RMB/BER BCI declined by a further three points to 28 in the first quarter of 2019. This is the lowest level since the 27 index points recorded in the second quarter of 2017, and read moreA broad-based weakening in activity pushed confidence down to worrying lows. The RMB/BER BCI declined by a further three points to 28 in the first quarter of 2019. This is the lowest level since the 27 index points recorded in the second quarter of 2017, and before that, the deep recession of 2009. Striking in the first quarter results is how broad-based the weakness in activity has become. Since taking over the reins, President Ramaphosa has launched several initiatives to help reverse South Africa’s decline. But more than this is necessary to get South Africa out of its low-growth bind. Forceful, and in some instances, unpopular structural reforms must also form part of the mix. FNB/BER Consumer Confidence Index 2018Q4 Last updated: Jan 24 2019 10:01AM After falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked read moreAfter falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked at the height of Ramaphoria. Nevertheless, the latest reading is still above the long-run average reading for the CCI, suggesting that most consumers are fairly optimistic with respect to the outlook for the SA economy and their own household finances. However, order for a more enduring and significant improvement in consumer spending to take hold, household income and credit growth will also need to accelerate.