Economic wrap-up for August 2023
Stats SA published 28 statistical releases in the month of August. Here is a monthly rundown of important economic indicators. Consumer and producer inflation continue to cool Inflation figures continue to provide some good news. Remaining on a downward path, consumer headline inflation slowed to its lowest reading in two years. The annual change in read more »
Consumer inflation lowest in two years
Annual consumer inflation slumped to 4,7% in July from 5,4% in June. This is the lowest reading since July 2021, when the rate was 4,6%. Consumer prices increased on average by 0,9% between June 2023 and July 2023. This is up from the monthly rise of 0,2% recorded in both May and June. Transport taps the brakes on read more »
Economic wrap-up for July 2023
If you’ve missed any recent economic data from Stats SA, we’ve got you covered. Here is a quick rundown of what you need to know. These cities rule our manufacturing industry It’s not often that industry data are published for districts. Detailed spatial data require large surveys with large samples, which can be expensive. That read more »
Consumer inflation retreats to 5,4%
Annual headline inflation cooled to 5,4% in June from 6,3% in May, sinking below the upper limit of the South African Reserve Bank’s monetary policy target range. The last time inflation was below 6% was in April 2022. The rate in June is the lowest reading in 20 months (since October 2021) when the rate was 5,0%. The read more »
Mbalo brief – July 2023
The month of July 2023 started on a high note for South Africans. First it was the decrease in the price of fuel on July 5th. Secondly, on the 10th of July, residents in some parts of the country woke up to the sheer wonder of the first snowfall in the city in more than read more »
Economic wrap-up for June 2023
Stats SA published 26 statistical releases in June, shedding light on the current state of the economy. SA narrowly averts recession The month began with the release of the latest gross domestic product (GDP) figures. After faltering in the fourth quarter of 2022, the South African economy expanded by 0,4% in the first quarter of read more »
Inflation slows to 13-month low
Headline consumer inflation cooled for a second consecutive month in May to 6,3% from 6,8% in April. May’s reading is the lowest since April 2022 when the rate was 5,9%. The month-on-month change in the consumer price index (CPI) was 0,2% in May. The annual rate for food and non-alcoholic beverages (NAB) was 11,8%, lower than read more »
Mbalo brief – June 2023
South Africa has been experiencing an outbreak of the cholera disease across various provinces since the beginning of 2023. Gauteng, Free State and Limpopo recorded cholera cases since 5 February 2023. Cholera is an acute diarrhoea infection caused by ingestion of food or water contaminated with the bacterium Vibrio cholerae bacteria. World Health Organization (WHO) read more »
General Household Survey (GHS)
The General Household Survey (GHS) is one of Stats SA’s longest-running surveys, and has been conducted for more than twenty years. The GHS collects information on a number of themes, including basic service delivery, access to health care, education, and agriculture, amongst others. The dataset is a rich source of information, allowing for the development read more »
South African economy expands by 0,4%
After contracting by a revised 1,1% in the fourth quarter of 2022, real gross domestic product (GDP) edged higher in the first quarter of 2023 (January‒March), expanding by an estimated 0,4%.1 The manufacturing and finance industries were the major drivers of growth on the supply side of the economy. The demand side was lifted by read more »