Stanlib News
An insightful update on global and local economics and markets from STANLIB’s Chief Economist Kevin Lings, and Economists Ndivhuho Netshitenzhe and Laura Jones.
Negative reaction to Omicron variant announcement
SA’s announcement of the discovery of a new COVID-19 variant, now called Omicron, caused a strong negative reaction across the globe and travel restrictions were re-imposed.
SA business confidence fails to rebound in Q4
The RMB/BER business confidence index was flat at 43 in Q4 2021, as various factors dampened sentiment, including load shedding and supply chain disruptions.
SARB business cycle indicator continues to ease
The SA Reserve Bank’s composite leading business cycle indicator eased to 125 points in September from 127.9 in August, the lowest reading since February 2021.
SA’s headline producer price inflation rises
SA’s headline producer price inflation was 8.1% y/y in October, up from 7.8% y/y in September, which is above the SA Reserve Bank’s target.
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