South Africa’s Business Sentiment Maintains Stability at Three-Year High
The RMB/BER business confidence index in South Africa holds steady at 45 in Q1 2025, its highest in three years, surpassing the long-term average. Despite sector declines, new vehicle dealers enjoyed a 29-point confidence gain, which offset other losses.
In the first quarter of 2025, the RMB/BER business confidence index in South Africa remained stable at 45, marking the highest level in nearly three years. This figure follows three consecutive increases and slightly surpasses the long-term average of 43, significantly improving upon the lower sentiment recorded at the beginning of the previous year.
However, it is important to note that four out of five sectors reported a decline in confidence relative to the fourth quarter of 2024. Despite this downturn in various sectors, the new vehicle dealers experienced a remarkable 29-point increase in confidence, which played a crucial role in balancing the overall sentiment across the business environment.
In conclusion, South Africa’s business sentiment remains robust at a near three-year high, despite challenges faced by most sectors. The notable increase in confidence among vehicle dealers highlights sector-specific fluctuations. Continued monitoring of these trends will be vital for understanding the broader implications for the South African economy moving forward.
Original Source: www.tradingview.com
