http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.69Change: -0.06
R/$ = 10.62Change: -0.04
Au 1291.78 $/ozChange: 1.73
Pt 1413.00 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Nelson Mandela 1918 - 2013   Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science & Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 17, 2012

Trade conditions weaken in June – Sacci

Back
Retail Trade|Sacci
retail-trade|sacci
© Reuse this



Trade conditions weakened in June and would continue to be under pressure over the next couple of months, weighed down by tight economic conditions and low business confidence, the South African Chamber of Commerce and Industry (Sacci) said on Tuesday.

The chamber said a weaker performance in retail trade, after robust increases earlier this year, had resulted in volatiliy in the seasonally adjusted Trade Activity Index (TAI), which lost seven points to measure 49 in June – down from 56 in May.

The nonseasonally adjusted TAI dipped to 48 in June, compared with 55 in May, but climbed by two from the comparative period last year.

“Volatility also marks the performance of sales and new orders which, after recovering strongly to 64 and 58 respectively in May, declined to 51 for both indices in June. A year ago the sales volume index was at 50 and the new orders index measured 43. The inventories index decreased to 50 from 51 in May, while supplier deliveries declined to 44 from 53,” Sacci said in a statement.

The indices for sales and input prices decreased further from 59 and 68 in May to 55 and 63, respectively, in June.

Price pressures moderated as weaker trade conditions made it more difficult to pass on rising costs. Administered prices, nevertheless, rose by an average of more than 11%.

“The combination of weaker trade conditions and increasing cost absorption by businesses is placing profitability under pressure,” Sacci stated.

Meanwhile, Sacci stated that the Trade Expectations Index (TEI) for the next six months would improve as it factors in the year end season. The TEI increased to 61 from 57 in May, 5 points higher than the 56 in June 2011.

The six-month outlook for key components of trade activity also lifted in June while expectations for sales and input prices eased further by one and two points to 60 and 66 from 61 and 68, respectively, in May 2012.

The volatile conditions also influenced expected inventory holdings as stock levels picked up in June after declining in May and April 2012. Expected supplier deliveries remained well in positive territory with the index at 58.

Employment conditions in the trade environment improved during June 2012 as the index moved from 41 to 44 in negative territory. The outlook for employment index moved from 49 to 50. The likelihood of improved levels of employment remains low.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines
 
 
 
 
 
 
 
 
Other Trade News
Updated 5 hours ago Local antenna manufacturer Poynting Holdings reports high growth of its defence equipment order book, offset by losses in other divisions, and notes that about 68% of its earnings stem from exporting equipment mainly to developed markets, says Poynting CEO Dr André...
Updated 5 hours ago It had been expected, but not, I think, so soon. And the scale was greater than expected. So it came as quite a jolt. I am, of course, referring to Nigeria’s rather dramatic leapfrogging of South Africa to become by far the biggest African economy. This followed...
File photo from 2007
A database glitch delayed the start of trading on the JSE for an hour on Wednesday, the latest in a string of errors that have hampered Africa's biggest bourse in recent years. Trade on the $900-billion exchange did not start until 0800 GMT, rather than the usual...
More
 
 
Latest News
A new business association has been formally launched to link foreign suppliers of equipment to State-owned companies (SoCs) with large and small domestic companies in an effort to improve prospects for higher levels of local content in South Africa’s...
The Nelson Mandela Bay municipality has upgraded its Department of Human Settlements’ centralised information centre (CIC), introducing a new integrated land planning information system (ILIS) and refurbishing the interior and exterior of the centre, using...
The KwaZulu-Natal (KZN) Department of Transport on Thursday announced a 77.3 km, R1.2-billion road upgrade that would connect Pongola and eDumbe, in the north western part of the province. The project, of which the first 6.5 km, R65-million, construction phase had...
More
 
 
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
 
 
 
 
 
This Week's Magazine
Updated 5 hours ago Celebrating its fiftieth Green Star SA certification in only six years, and with a further 150 projects in the Green Star SA registration pipeline, the impact will increase significantly. “In South Africa, certified new green buildings now cover nearly one-million...
SMART MOVER What differentiates VWSA’s AGV line from other AGV lines is that it is a completely contactless system
Updated 5 hours ago Volkswagen Group South Africa (VWSA) has installed an automated guided vehicle (AGV) line to replace the traditional roller conveyor used on the VW250 engine line. An AGV is a mobile robot that follows markers or cabling in the floor, or uses vision or lasers to...
Updated 5 hours ago South Africa has an opportunity to achieve a similar result to that of China, which has lifted hundreds of millions of its citizens from poverty to prosperity, but the challenge is to develop world-class customer-focused engineers.
Updated 5 hours ago South Africa had more than enough money and resources to deliver on the constitutional promise of quality of life for all, but those involved in corruption have cost the country immensely.
LATE-ARRIVAL BMW The arrival of the i8 supercar has been delayed to March 2015
Updated 5 hours ago BMW South Africa has postponed the introduction of the i3 city car and i8 supercar to March 2015, says spokesperson Edward Makwana. The i3 is an electric vehicle, and the i8 a plug-in hybrid. Both models were scheduled for local introduction this year.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks