S.A. Balance of Trade @14H00

South Africa trade surplus rose to ZAR 5.00 billion in March 2019 from a downwardly revised ZAR 3.87 billion in the prior month and beating market expectations of a ZAR 4.8 billion surplus. Exports surged 7.5 percent while imports advanced at a slower 6.6 percent. Considering the first three months of 2019, the country posted […]

Read more
SA Manufacturing PMI @11H00

The ABSA Manufacturing PMI for South Africa went up to 47.2 in April of 2019, from 45 in the previous month. It was the first increase after three consecutive months of decline as business activity and new sales orders grew while employment, supplier deliveries and inventories deteriorated. South Africa suffered severe electricity cuts in the […]

Read more
U.K. Consumer Confidence @01H00

The GfK consumer confidence index in the UK climbed to -10 in May 2019, after remained unchanged for three months at -13. It was the softest decline since October of last year, as four of the subindices increased and one remained unchanged. The general economic situation index of the during the last 12 months remained […]

Read more
Comparing Rent With Salaries Across S.A.

Key take-away Points: A new survey found that South Africans spend between 26% and 30% of their salaries on rent. Polokwane came out as the country’s cheapest city when salaries are compared to rent, and Cape Town the most expensive. The Western Cape was the most expensive province to live in, while the North West […]

Read more
U.S. Wholesale Inventories @11H00

US wholesale inventories fell 0.1 percent from a month earlier in March 2019, instead of being unchanged as previously reported and after an upwardly revised 0.4 percent gain in February. Auto stocks dropped 0.9 percent after edging up 0.1 percent in the prior month, while wholesale apparel inventories increased 1.7 percent, easing from a 2 […]

Read more
Brazil GDP Growth Rate @14H00

The Brazilian economy grew 1.1 percent year-on-year in the fourth quarter of 2018, easing from 1.3 percent in the previous three-month period and missing market expectations of 1.3 percent. Household consumption and exports drove the expansion, while fixed investment rose at softer pace and government spending contracted. GDP Annual Growth Rate in Brazil averaged 2.54 […]

Read more
Euro Area Economic Sentiment Indicator @11H00

The economic sentiment indicator for the Euro Area fell for a 16th consecutive month to 104 in April 2019 from a revised 105.6 in the previous month and below market expectations of 105. It was the lowest reading since September 2016 mainly due to a steep deterioration in industry sentiment (-4.1 vs -1.6 in March). […]

Read more
Euro Area Business Climate Indicator @11H00

The Business Climate Indicator (BCI) for the Euro Area fell to 0.42 in April 2019 from a revised 0.54 in the previous month and below market expectations of 0.49. It was the lowest reading since August 2016, as managers’ views of the past production, their production expectations, and their assessments of overall order books and […]

Read more
Germany GfK Consumer Climate @8H00

The GfK consumer sentiment indicator for Germany dropped unexpectedly to 10.1 heading into June 2019 from a downwardly revised 10.2 in the previous month and missing market estimates of 10.4. This was the weakest reading since May 2017, as both economic outlook and the willingness to buy fell following government’s recent decision to revised lower […]

Read more
S&P Rating Decision Welcomed By Pundits

The decision by Standard & Poor’s Global to keep its rating unchanged has been welcomed in many sectors, however the National Treasury insists that we need to work harder to get the ratings into positive territory. Late on Friday night, the agency kept the country’s sovereign credit ratings unchanged at below investment grade. Keeping Moody’s as the […]

Read more
Facebook
Twitter
LinkedIn