23.26/litre
22.47/litre
5.2% y-o-y
4.6%
0.5% y-o-y
11.75 %
0.6% y-o-y
-0.6% y-o-y
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased by 1.9 points to reach 45.7 points in June 2024, compared to 43.8 in May 2024. The improvement is welcomed, but it was the second consecutive month that the PMI remained below the 50-point mark. Following a very strong start to the second quarter, which was also reflected in solid growth in official manufacturing production data, May and June have been poor. Indeed, the business activity index average is barely higher in Q2 than in Q1.
During the second quarter of 2024, analysts, business people, and trade union officials all lowered their CPI inflation forecast for the entire three-year horizon. On average, they now anticipate inflation of 5.3% in 2024, 5.0% in 2025, and 4.9% in 2026. Their five-year inflation forecast fell below 5% (to 4.9%) for the first time since the fourth quarter of 2021. One-year-ahead inflation expectations of households continued to trend downward in the second quarter of 2024. It reached 6.4%, from a recent peak of 8.1% a year ago.
The release calendar will be updated each quarter. Please note that these dates may change.
Wednesday
4 September 2024
RMB/BER Business Confidence Index (BCI)
Wednesday
25 September 2024
FNB/BER Civil Confidence Index
Monday
23 September 2024
Retail Survey
Thursday
12 September 2024
Inflation Expectations Survey
The first working day of each month
Absa PMI
The first working day of each month
Update
Every Friday
BER Weekly
Monday
9 September 2024
FNB/BER Building Confidence Index
Tuesday
17 September 2024
FNB/BER Consumer Confidence Index (CCI)
Wednesday
11 September 2024
Absa Manufacturing Survey
Thursday
19 September 2024
Other Services Survey
The first week of each month
Trends
The BER Economist Internship Programme provides practical training to appropriately qualified previously disadvantaged individuals. The programme equips trainees to function as economists in the private and/or the public sector.