The RMB/BER business confidence index in South Africa held steady at 45 in Q1 2025, the highest in nearly three years, following three increases. This figure is above the long-term average of 43. However, four out of five sectors saw a decline in confidence compared to Q4 2024, with new vehicle dealers seeing a substantial 29-point rise.
The RMB/BER business confidence index in South Africa has maintained a steady reading of 45 in the first quarter of 2025, marking its highest measure in nearly three years after three consecutive increases. This figure exceeds the long-term average of 43 and represents a significant improvement compared to the low confidence levels recorded at the beginning of the previous year. However, it is noteworthy that four out of five sectors reported a decrease in confidence relative to the final quarter of 2024. The new vehicle dealers sector particularly stood out, experiencing a remarkable increase in confidence by 29 points, which has played a pivotal role in counterbalancing the downturn observed in other areas.
In conclusion, while the RMB/BER business confidence index in South Africa remains stable at a near three-year high, caution is warranted due to declines in confidence across most sectors, despite notable resilience from new vehicle dealers. The data highlights a mixed business sentiment landscape, with significant variations across different sectors.
Original Source: www.tradingview.com
