Unemployment in South Africa
South Africa - UnemploymentAvailable data for Q2 paints a mixed picture: Manufacturing production contracted in monthly terms in the quarter, and authorities tightened restrictions following a surge in infections from end-May. However, business sentiment improved in Q2 compared to Q1, and the private sector PMI averaged higher overall. Turning to Q3, some restrictions were eased on 26 July amid an accelerating vaccination drive, which should continue to improve as locally manufactured vaccines and the arrival of around 5.7 million jabs from the U.S. boost supplies. However, an explosion at a power unit in early August, coupled with already recurrent energy shortages, will be putting pressure on activity. Meanwhile, following the riots that broke out in mid-July, President Ramaphosa reshuffled his cabinet, replacing Finance Minister Tito Mboweni with Enoch Godongwana. This weakened the rand, as investors trusted Mboweni to get spending and debt under control.
South Africa - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
South Africa Unemployment Chart
Source: Statistics South Africa.
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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September 9, 2021
Manufacturing output slid 4.1% in year-on-year terms in July, which markedly contrasted June's 11.9% increase.
September 7, 2021
Economic momentum strengthened in the second quarter, with GDP growth accelerating to 1.2% in seasonally-adjusted quarter-on-quarter terms from the 1.0% expansion logged in Q1.
September 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) rose to 49.9 in August from July's 11-month low of 46.1.
August 18, 2021
Consumer prices increased 1.08% in July over the previous month, after the 0.20% increase logged in June.
August 10, 2021
Manufacturing production grew 12.5% year-on-year in June (May: +36.3% yoy).