{"id":19129,"date":"2026-02-03T09:03:14","date_gmt":"2026-02-03T07:03:14","guid":{"rendered":"https:\/\/www.statssa.gov.za\/?p=19129"},"modified":"2026-02-03T09:03:14","modified_gmt":"2026-02-03T07:03:14","slug":"economic-wrap-up-for-january-2026","status":"publish","type":"post","link":"https:\/\/www.statssa.gov.za\/?p=19129","title":{"rendered":"Economic wrap-up for January\u00a02026"},"content":{"rendered":"<p>Stats SA kick-started the year with 20 statistical releases, with fresh economic data for November\u00a02025.<\/p>\n<p>Indicators that were positive year-on-year in November 2025 include <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P5041.1&amp;SCH=74174\">construction (buildings completed as reported by large municipalities)<\/a>; retail trade; tourist accommodation; <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P6420&amp;SCH=74179\">restaurants, catering &amp; fast-food<\/a>; and <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P7162&amp;SCH=74177\">rail transport (freight and passenger)<\/a>. Mining, manufacturing, <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P4141&amp;SCH=74167\">electricity generation<\/a>, <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P6141.2&amp;SCH=74170\">wholesale trade<\/a>, <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P6343.2&amp;SCH=74172\">motor trade<\/a> and <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P7162&amp;SCH=74177\">road transport (freight and passenger)<\/a> were negative (Figure\u00a01).<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-19130\" src=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01-300x246.jpg\" alt=\"Figure_01\" width=\"300\" height=\"246\" srcset=\"https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01-300x246.jpg 300w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01-768x630.jpg 768w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01-1024x840.jpg 1024w, https:\/\/www.statssa.gov.za\/wp-content\/uploads\/2026\/02\/Figure_01-100x82.jpg 100w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>Hotels continue to shine<\/strong><\/p>\n<p>Income from <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P6410&amp;SCH=74178\">tourist accommodation<\/a> rose by 13,6% year-on-year, driven mainly by hotels. Digging a little deeper into the statistical release reveals an uptick in hotel use. The occupancy rate for hotels climbed to 61,6% in November 2025, the highest in six years (since November\u00a02019, when it was 64,4%). However, the occupancy rate for guest-houses\/farms continues to lag pre-pandemic highs.<\/p>\n<p>Positive news on the tourism front was reported in the latest <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P0350&amp;SCH=73976\"><em>International tourism<\/em><\/a> statistical release. In December\u00a02025, 997\u00a0165 tourists visited South Africa, 8,4% more than in December\u00a02024.<\/p>\n<p><strong>Retail remains positive while mining and manufacturing dip<\/strong><\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P6242.1&amp;SCH=74169\">Retail trade sales<\/a> rose by 3,5% in November 2025, representing 21 consecutive months of positive year-on-year growth. Six of the seven retail groups posted a stronger month, with general dealers the most significant positive contributor. On the downside, food &amp; beverages was the only retail group that weakened, edging lower by 0,8%.<\/p>\n<p>Activity in the <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P2041&amp;SCH=74168\">mining industry<\/a> decreased by 2,7% year-on-year, mainly due to weaker coal production. Iron ore, gold, platinum group metals and chromium ore also performed poorly. On the positive side, the industry produced more diamonds, manganese ore, copper and nickel.<\/p>\n<p><a href=\"https:\/\/www.statssa.gov.za\/?page_id=1854&amp;PPN=P3041.2&amp;SCH=74166\">Manufacturing output<\/a> was also lacklustre, with production slowing by 1,0% year-on-year. The decline was led by the wood, paper, publishing &amp; printing; iron, steel &amp; metal products; and automotive divisions.<\/p>\n<p><strong>Consumer inflation in 2025 the lowest in 21 years<\/strong><\/p>\n<p>The December <a href=\"https:\/\/www.statssa.gov.za\/?p=19114\">consumer price inflation<\/a> print wrapped up results for the calendar year. On average, the cost of living rose by 3,2% in 2025 compared with 2024. This is the lowest average inflation rate since 2004 (1,4%).<\/p>\n<p>December results show some pressure points. Meat inflation, for example, continues to accelerate, with the annual rate for meat the highest since January\u00a02018. Consumers are also feeling the pinch with several other food and beverage products, most notably, pumpkin, instant coffee, samp, maize meal and cheese.<\/p>\n<p><strong>What to look forward to in February<\/strong><\/p>\n<p>Notable releases scheduled in the month include the latest <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1866&amp;PPN=P3043&amp;SCH=74141\">manufacturing utilisation<\/a> data (to be released on 05\u00a0February 2026) and <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1866&amp;PPN=P0211&amp;SCH=74048\">labour force<\/a> figures for the fourth quarter of 2025 (to be released on 17\u00a0February 2026).<\/p>\n<p>Interested to know more? Keep up to date with our publication schedule <a href=\"https:\/\/www.statssa.gov.za\/?page_id=1874\">here<\/a>. For a comprehensive list of products and releases, download our catalogue <a href=\"https:\/\/www.statssa.gov.za\/publications\/catalogue\/Catalogue_of_products_and_publications_Latest.pdf\">here<\/a>. For a regular update of indicators and infographics, visit our <a href=\"https:\/\/www.statssa.gov.za\/?page_id=624\">data story feed<\/a> and download the latest edition of the <a href=\"https:\/\/www.statssa.gov.za\/?page_id=6048\">Stats Biz newsletter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stats SA kick-started the year with 20 statistical releases, with fresh economic data for November\u00a02025. Indicators that were positive year-on-year in November 2025 include construction (buildings completed as reported by large municipalities); retail trade; tourist accommodation; restaurants, catering &amp; fast-food; and rail transport (freight and passenger). Mining, manufacturing, electricity generation, wholesale trade, motor trade and&nbsp; &nbsp;<a href=\"https:\/\/www.statssa.gov.za\/?p=19129\" class=\"btn btn-mini btn-info pull-right\" style=\"margin:10px 30px;\">read more &raquo;<\/a><\/p>\n<div class=\"clear\"><\/div>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,6,38,37,32,41],"tags":[],"class_list":["post-19129","post","type-post","status-publish","format-standard","hentry","category-economic-growth","category-economy-data-stories","category-energy","category-import-and-exports","category-industry","category-minerals"],"_links":{"self":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/19129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19129"}],"version-history":[{"count":1,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/19129\/revisions"}],"predecessor-version":[{"id":19131,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=\/wp\/v2\/posts\/19129\/revisions\/19131"}],"wp:attachment":[{"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.statssa.gov.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}