The RMB/BER Business Confidence Index for South Africa increased to 40 in the first quarter of 2017 from 38 in the previous period as confidence rose in retail, motor and wholesale trade sectors. By contrast, confidence fell in the building sector and among manufacturers. Yet, business confidence has been below the neutral 50 mark since the last quarter of 2014, a pattern consistent with an economy continuously treading water. Business Confidence in South Africa averaged 44.85 from 1975 until 2017, reaching an all time high of 91 in the third quarter of 1980 and a record low of 10.20 in the third quarter of 1985.
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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. This page provides – South Africa Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Business Confidence – actual data, historical chart and calendar of releases – was last updated on March of 2017.