Imports in South Africa
South Africa - Imports (percent change)The economy contracted in the third quarter after dodging technical recession in the second quarter. Notably, the downturn was prompted by the utilities sector swinging to contraction as a series of breakdowns in Eskom’s coal power plants triggered the return of rolling blackouts in the quarter. On the expenditure-side, a winding down of inventories amid downbeat demand weighed heavily on economic activity, with muted household spending also taking its toll. Conversely, the external sector strengethened in Q3 thanks to a rebound in exports and a marked fall in imports. Turning to the fourth quarter, the economy likely remained in the doldrums as the rolling blackouts reached an unprecedented level in December after more than a quarter of the country’s generating capacity broke down. Large platinum and gold miners were forced to halt operation on 9 December as a result, which will hamper year-end economic activity.
South Africa - Imports (%) Data
|Imports (annual variation in %)||-3.8||1.3||-12.0||-16.3||12.6|
5 years of economic forecasts for more than 30 economic indicators.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
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January 22, 2020
Consumer prices rose 0.3% in December, up from a 0.1% increase in November.
January 16, 2020
At its meeting ending 16 January, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) unanimously decided to axe the repurchase rate by 25 basis points to 6.25%.
January 8, 2020
Manufacturing output plummeted 3.6% in November, following October’s 0.8% drop.
January 6, 2020
Business conditions in South Africa’s private sector remained in contractionary territory for the eight month running in December.
December 11, 2019
Consumer prices rose 0.1% in November, after coming in flat a month prior.