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South Africa Business Confidence

South Africa Business Confidence

Actual: 92.4
Forecast:  
Previous: 89.1
Importance:
Release Date: Oct 09, 2019
Currency: ZAR
Country: South Africa
Source Of Report: South African Chamber of Commerce & Industry

Confidence indicator is a measure of the mood of consumers or businesses. It is usually based on a survey during which respondents rate their opinion on different isues concerning current and future conditons. Consumers opinion are typically expressed with answers like: better, same, worse or positive, negative and unchanged. Results of such surveys are calculated by subtracting the negative replies from the positive ones. Business confidence indicator is closely linked to corporate spending and correlated with employment, consumption and investment. Therefore it is carefully watched as an indication of possible changes in the overall economic growth.

Release Date Actual Forecast Previous
Oct 09, 2019 (Sep) 92.4 89.1
Sep 11, 2019 (Aug) 89.1 92.0
Aug 07, 2019 (Jul) 92.0 93.3
Jul 03, 2019 (Jun) 93.3 93.0
Jun 05, 2019 (May) 93.0 93.7
May 07, 2019 (Apr) 93.7 91.8

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