https://www.engineeringnews.co.za

Business confidence suffers setback in May amid ‘tighter’ business climate – Sacci

7th June 2016

  

Font size: - +

The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) suffered a setback in May, decreasing by 7.6 index points year-on-year and 3.2 index points month-on-month to 79.3.

“Setbacks in the real business environment were evident in May, with four of the seven subindices declining compared with April, while the financial climate deteriorated even more as there were no positive month-on-month movements in May,” Sacci pointed out.

The largest positive monthly contributions to the BCI came from building plans approved and merchandise export volumes. Seasonally adjusted merchandise import volumes had the largest negative month-on-month effect in May, followed by real retail sales and a weaker weighted rand exchange rate against the dollar, the euro and the British pound.

Sacci added that the year-on-year BCI comparison suggested a tighter business climate in May than the year before, with financial circumstances and the real economy being worse off. 

The largest negative year-on-year contribution to the BCI came from the rand exchange rate, followed by new-vehicle sales and all-share prices on the JSE. The only positive year-on-year impact came from municipal services.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.385 2.467s - 178pq - 2rq
Subscribe Now