BER press release
Other services survey results 2021Q1, press release
Last updated: Mar 31 2021 8:24AM
Although the first quarter’s further improvement of confidence and activity in the other services sector are welcome developments, bar property sales, these indicators remained at deeply depressed levels. The absence of international tourists, as well as
read moreAlthough the first quarter’s further improvement of confidence and activity in the other services sector are welcome developments, bar property sales, these indicators remained at deeply depressed levels. The absence of international tourists, as well as COVID-related restrictions (such as the permitted number of people at gatherings) and anxiety, are hurting the hospitality, conferencing, exhibition and passenger transport industry in particular. A stronger, sustainable recovery in these industries is only likely to start in 2022 once vaccinations have been rolled out more widely and international travel resumes. Growth in freight transport, property management and business services is likely to be pedestrian until the recovery of the rest of the economy gains further traction
Inflation Expectations 2021Q1, press release
Last updated: Mar 25 2021 12:19PM
In the first quarter of 2021, average expectations of analysts, business people and trade unions are that
headline consumer (CPI) inflation will be 3.9% in 2021, 4.2% in 2022 and 4.4% in 2023. It is rare in the survey’s
history of 21 years that the
read moreIn the first quarter of 2021, average expectations of analysts, business people and trade unions are that
headline consumer (CPI) inflation will be 3.9% in 2021, 4.2% in 2022 and 4.4% in 2023. It is rare in the survey’s
history of 21 years that the expectations of business people match those of analysts and that the expectations of trade union representatives are below those of analysts.
FNB/BER Civil Confidence Index 2021Q1, press release
Last updated: Mar 24 2021 7:33AM
After rising to 16 in 2021Q1, the FNB/BER Civil Confidence Index gained a further five points to register a level of 21 in 2021Q1. Higher activity this quarter boosted sentiment.
Retail survey results 2021Q1, press release
Last updated: Mar 23 2021 10:03AM
As expected, the trade sector experienced another tough start to the new year. Much of the performance of the sector still largely reflects a COVID-19 narrative. In the first quarter of 2021, retailer and new vehicle trader confidence declined, while
read moreAs expected, the trade sector experienced another tough start to the new year. Much of the performance of the sector still largely reflects a COVID-19 narrative. In the first quarter of 2021, retailer and new vehicle trader confidence declined, while wholesaler confidence remained largely unchanged despite a tough business environment and low sales volumes. Significant risks lie ahead for the trade sector with the prospect of a third wave in SA looming amid a very slow vaccine rollout. Renewed lockdown restrictions to curb the spread of the virus will certainly harm the sector.
Absa Manufacturing Survey 2021Q1, press release
Last updated: Mar 23 2021 11:27AM
According to the Absa Manufacturing Survey , manufacturing business confidence declined to 25 index points in 2021Q1 after two consecutive increases had brought the index to 31 points in 2020Q4. At the current level, only a quarter of respondents were
read moreAccording to the Absa Manufacturing Survey , manufacturing business confidence declined to 25 index points in 2021Q1 after two consecutive increases had brought the index to 31 points in 2020Q4. At the current level, only a quarter of respondents were satisfied with prevailing business conditions.
FNB/BER Consumer Confidence Index 2021Q1, press release
Last updated: Mar 16 2021 9:18AM
The FNB/BER Consumer Confidence Index (CCI) increased by another 3 index points to a level of -9 in the first quarter of 2021. The recovery to -9 index points brings the CCI back in line with the reading recorded in March 2020, just before South Africa
read moreThe FNB/BER Consumer Confidence Index (CCI) increased by another 3 index points to a level of -9 in the first quarter of 2021. The recovery to -9 index points brings the CCI back in line with the reading recorded in March 2020, just before South Africa entered its first strict nationwide lockdown. Although it is heartening that the CCI has now recovered most of its COVID-19-induced losses, consumer confidence in general remains depressed - the latest reading of -9 is still well below the average CCI reading of +2 since 1994.
FNB/BER Building Confidence Index 2021Q1, press release
Last updated: Mar 15 2021 8:13AM
The FNB/BER Building Confidence Index slipped by two points to 27 in 2021Q1. Activity was also broadly lower which contributed to the slight decline in sentiment. However, of particular concern is the activity levels in the non-residential building sector.
read moreThe FNB/BER Building Confidence Index slipped by two points to 27 in 2021Q1. Activity was also broadly lower which contributed to the slight decline in sentiment. However, of particular concern is the activity levels in the non-residential building sector.
RMB/BER Business Confidence Index 2021Q1, press release
Last updated: Mar 10 2021 9:57AM
The RMB/BER BCI declined from 40 to 35 in the first quarter of 2021. This means close to seven out of ten senior executives expressed dissatisfaction with prevailing business conditions, up from six previously. Retail saw the biggest decline, followed by
read moreThe RMB/BER BCI declined from 40 to 35 in the first quarter of 2021. This means close to seven out of ten senior executives expressed dissatisfaction with prevailing business conditions, up from six previously. Retail saw the biggest decline, followed by manufacturing and new vehicle dealers. Sentiment among building contractors and wholesale traders deteriorated slightly. Such underlying dynamics are not reflective of a robust economic upswing.
New report reflects on progress towards NDP objectives
Last updated: Feb 18 2021 12:08PM
In collaboration with a network of partners, the BER has compiled a report to measure South Africa’s achievement of its development objectives set out in the National Development Plan. The BER’s NDP Assessment Report gives a data-driven view of progress in as
read moreIn collaboration with a network of partners, the BER has compiled a report to measure South Africa’s achievement of its development objectives set out in the National Development Plan. The BER’s NDP Assessment Report gives a data-driven view of progress in as short and concise a format as possible. This report shows progress in South Africa’s development in some areas, though outcomes have fallen short of the NDP’s aspirations in several key indicators. Strong corrective action is needed to achieve the targets of the NDP. Success will require a collective effort by all of society – government, the private sector, churches and NGOs – to realise these goals. With the Annual NDP Assessment Report, the BER and its network of collaborators hope to contribute to the accelerated, and ultimately successful, implementation of the NDP as we traverse the journey to 2030.
Inflation Expectations Press 2020Q4
Last updated: Jan 21 2021 2:21PM
The fourth quarter survey showed that headline CPI inflation is forecast to average 3.7% (3.6% previously) in 2020 and to edge up to 4.2% (also 4.2% previously) in 2021 and 4.5% (4.6% previously) in 2022. Business people continue to have higher inflation
read moreThe fourth quarter survey showed that headline CPI inflation is forecast to average 3.7% (3.6% previously) in 2020 and to edge up to 4.2% (also 4.2% previously) in 2021 and 4.5% (4.6% previously) in 2022. Business people continue to have higher inflation expectations than analysts and trade union officials for all forecast periods. Average inflation expectations over the next five years ticked up from 4.5% in Q3 to 4.7% in the fourth quarter.