Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Trade conditions improve in March
#1
Trade activity remained in positive territory in March 2014, despite tighter financial conditions and financial stresses faced by the consumer.

Releasing the trade conditions survey on Tuesday, the South African Chamber of Commerce and Industry (Sacci) said loans and advances by monetary institutions helped improve the business climate.

“Loans and advances by monetary institutions to private businesses increased by 12.7% in February 2014 and assisted businesses in coping with mounting cost pressures.

“The sales volumes index increased from 55 in February 2014 to 59 in March 2014, while the new orders index remained at 57. Consistency of new orders confirms the relatively positive outlook for trade activity in the next few months. With the inventory index at 48 in March 2014, stock levels remained almost unchanged,” the Chamber said.

Sacci also said the sales volumes index increased from 55 points in February 2014 to 59 in March 2014, while the new orders index remained at 57.

Consistency of new orders, the Chamber said, confirmed the relatively positive outlook for trade activity in the next few months.

“The seasonally adjusted trade expectations index (TEI) remained at 58 in March 2014 for the third consecutive month. Expectations for the components of trade activity were well into positive territory and did not alter the cautious but positive outlook.

“Current employment conditions deteriorated slightly into negative territory in March 2014, as the employment sub-index declined from 50 to 49. The prospects for employment in the trade sector improved slightly, as the sub-index increased from 52 in February to 54 in March 2014,” Sacci said. – SAnews.gov.za
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  SA, Russia talk trade newsroom 0 12,220 12-11-2015, 03:25 PM
Last Post: newsroom
  Japanese seminar to promote trade newsroom 0 10,790 22-09-2015, 11:31 AM
Last Post: newsroom
  Denmark set to improve trade with SA newsroom 0 7,853 04-11-2014, 06:55 PM
Last Post: newsroom
  SA, Cuba sign agreement to boost trade newsroom 0 7,520 26-09-2014, 11:30 AM
Last Post: newsroom
  SA fosters closer trade relations with Mozambique newsroom 0 7,687 29-08-2014, 03:55 PM
Last Post: newsroom
  SA companies in Mozambique for trade fair newsroom 0 7,996 25-08-2014, 11:50 AM
Last Post: newsroom
  Trade activity in negative territory in July newsroom 0 8,451 15-08-2014, 03:06 PM
Last Post: newsroom
  SA, Chile talk trade, mining newsroom 0 8,956 08-08-2014, 03:07 PM
Last Post: newsroom
  Slight increase in trade activity newsroom 0 7,540 15-07-2014, 02:20 PM
Last Post: newsroom
  Trade activity positive in March newsroom 0 7,693 21-04-2014, 10:01 AM
Last Post: newsroom

Forum Jump:


Users browsing this thread: 1 Guest(s)