Sacci reports restrained October trade conditions
The South African Chamber of Commerce and Industry (Sacci) trade survey for October indicates constricted trade conditions, with the Trade Activity Index (TAI) remaining at 51 and the seasonally adjusted TAI four points lower than in September, at 48.
However, the seasonally adjusted TAI was two points higher than that of October 2015.
Respondents to the survey cited political stability, seasonal factors, the weak economy, the regulatory environment and skills shortages as complicating trade conditions.
Real retail trade remained at about the same level as last year, while merchandise export volumes and merchandise import volumes were lower than a year ago.
New-vehicle sales were about 10% lower in October than a year ago.
“These numbers confirm the restrained trade conditions experienced by respondents,” said Sacci.
Although new orders improved and supplier deliveries, inventories and backlogs were unchanged, sales volumes dipped from 55 in September to 52 in October.
There was an upward tick in sales and input prices, but price expectations were lower than earlier in the year. The employment subindex declined slightly to 49 after having dropped by four index points to 50 in September.
Trade expectations remained in positive territory, but declined from 59 to 55 month-on-month in October.
The seasonally adjusted Trade Expectations Index also declined from 60 to 57, with sales and new orders expectations both declining.
There were two components, namely, supplies and employment prospects, that improved from September. In Inflationary expectations on input costs, as well as sales prices, have increased somewhat and still remain high.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...
VISIT SHOWROOM
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
