The RMB/BER business confidence index in South Africa has remained at 45 in Q1 2025, marking a three-year high despite a decline in four out of five sectors. Notably, new vehicle dealers experienced a significant confidence surge.
The RMB/BER business confidence index in South Africa has maintained its position at 45 in the first quarter of 2025. This figure signifies the highest level of confidence recorded in nearly three years, following a series of three consecutive increases. This reading is slightly above the long-term average of 43 and indicates improvement compared to the sentiment recorded at the beginning of the previous year. However, it is noteworthy that four out of five sectors reported a decline in confidence relative to the fourth quarter of 2024. The new vehicle dealers category witnessed a notable 29-point rise in confidence, serving to offset declines observed in other sectors.
In summary, the RMB/BER business confidence index in South Africa has reached a notable high, reflecting an overall positive trend in business sentiment despite declines in a substantial majority of sectors. The significant gain in confidence among new vehicle dealers has been pivotal in stabilizing the index, highlighting sector-specific dynamics that merit ongoing observation.
Original Source: www.tradingview.com
