South Africa
-8.2
▼
vs 1w ago (-0.3)
South Africa economic data has been missing expectations. Over the past 90 days,
releases have generally fallen short of analyst estimates, suggesting the economy may be weaker than consensus forecasts.
Current Score
-8.2
1 Week Ago
-0.3
Releases (90d)
83
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with JSE Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Core Inflation Rate YoY +2.87z
- Inflation Rate YoY +1.33z
- Leading Business Cycle Indicator MoM +4.43z
- Inflation Rate MoM +0.87z
- Current Account +1.72z
▼ Top Negative Surprises
- Inflation Rate YoY -2.00z
- Interest Rate Decision -1.63z
- Interest Rate Decision -1.63z
- Core Inflation Rate MoM -1.51z
- Building Permits YoY -1.40z
All Releases — 90 Day Window (83 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-07-22 | Inflation Rate YoY | 5.0 | 4.7 | -2.000 | Medium | -87.07 |
| 2026-07-23 | Interest Rate Decision | 7.0 | 7.25 | -1.627 | Medium | -72.49 |
| 2026-07-23 | Interest Rate Decision | 7.0 | 7.25 | -1.627 | Low | -36.24 |
| 2026-07-22 | Core Inflation Rate MoM | 0.6 | 0.2 | -1.511 | Low | -32.88 |
| 2026-07-23 | Building Permits YoY | -13.1 | -2.5 | -1.395 | Low | -31.07 |
| 2026-07-23 | Prime Overdraft Rate | 10.5 | 10.75 | -1.364 | Low | -30.38 |
| 2026-06-17 | Core Inflation Rate YoY | 3.8 | 4.3 | +2.870 | Low | +27.83 |
| 2026-06-17 | Inflation Rate YoY | 4.5 | 4.7 | +1.333 | Medium | +25.86 |
| 2026-05-26 | Leading Business Cycle Indicator MoM | 2.4 | -0.2 | +4.428 | Low | +25.82 |
| 2026-06-30 | Inflation Expectations | 4.2 | 3.8 | -1.707 | Low | -22.34 |
| 2026-07-07 | Foreign Exchange Reserves | 74.11 | 76.4 | -1.213 | Low | -18.66 |
| 2026-06-17 | Inflation Rate MoM | 0.7 | 2.0 | +0.867 | Medium | +16.82 |
| 2026-06-11 | Current Account | 190.7 | 47.0 | +1.720 | Low | +14.52 |
| 2026-07-28 | Leading Business Cycle Indicator MoM | -0.3 | 0.5 | -0.545 | Low | -13.62 |
| 2026-07-22 | Core Inflation Rate YoY | 4.1 | 4.0 | -0.617 | Low | -13.43 |
| 2026-06-30 | Balance of Trade | -1.79 | 19.0 | -0.453 | Medium | -11.86 |
| 2026-07-03 | S&P Global PMI | 50.5 | 49.3 | +0.798 | Low | +11.20 |
| 2026-07-14 | Mining Production YoY | -5.4 | 1.5 | -0.594 | Low | -10.74 |
| 2026-07-14 | Mining Production MoM | -5.2 | 2.9 | -0.589 | Low | -10.65 |
| 2026-05-20 | Core Inflation Rate YoY | 3.6 | 3.9 | +1.899 | Low | +9.64 |
| 2026-06-11 | Manufacturing Production MoM | -2.7 | 0.4 | -1.114 | Low | -9.40 |
| 2026-07-01 | ABSA Manufacturing PMI | 47.3 | 50.3 | -0.683 | Low | -9.15 |
| 2026-06-11 | SACCI Business Confidence | 124.1 | 131.6 | -1.081 | Low | -9.12 |
| 2026-06-11 | SACCI Business Confidence | 123.6 | 131.0 | -1.072 | Low | -9.04 |
| 2026-05-20 | Inflation Rate YoY | 4.0 | 3.9 | -0.804 | Medium | -8.16 |
| 2026-06-23 | Leading Business Cycle Indicator MoM | -1.8 | 1.7 | -0.701 | Low | -7.81 |
| 2026-04-30 | Producer Price Index MoM | 1.1 | 0.2 | -2.363 | Low | -7.56 |
| 2026-07-22 | Inflation Rate MoM | 0.7 | 0.8 | +0.167 | Medium | +7.26 |
| 2026-06-11 | Manufacturing Production YoY | -2.9 | 1.2 | -0.811 | Low | -6.84 |
| 2026-06-17 | Core Inflation Rate MoM | 0.2 | 1.6 | +0.661 | Low | +6.41 |
| 2026-06-03 | S&P Global PMI | 49.6 | 51.0 | -0.900 | Low | -6.32 |
| 2026-05-28 | Producer Price Index YoY | 4.8 | 2.9 | -1.008 | Low | -6.15 |
| 2026-05-21 | Building Permits YoY | 16.9 | -8.0 | +1.024 | Low | +5.32 |
| 2026-04-30 | Budget Balance | -45.6 | -10.0 | -1.655 | Low | -5.29 |
| 2026-05-04 | ABSA Manufacturing PMI | 52.6 | 46.7 | +1.447 | Low | +5.08 |
| 2026-05-14 | Mining Production MoM | -5.1 | -0.8 | -1.133 | Low | -5.01 |
| 2026-06-09 | GDP Growth Rate QoQ | 0.5 | 0.3 | +0.239 | Medium | +3.85 |
| 2026-06-17 | Retail Sales YoY | 1.3 | 0.7 | +0.359 | Low | +3.48 |
| 2026-06-25 | Producer Price Index MoM | 2.6 | 1.7 | -0.278 | Low | -3.24 |
| 2026-06-30 | Private Sector Credit YoY | 8.57 | 9.4 | -0.227 | Low | -2.97 |
| 2026-06-25 | Producer Price Index YoY | 7.8 | 6.7 | -0.253 | Low | -2.95 |
| 2026-05-20 | Inflation Rate MoM | 1.1 | 1.4 | +0.286 | Medium | +2.90 |
| 2026-05-28 | Producer Price Index MoM | 3.0 | 1.6 | -0.459 | Low | -2.81 |
| 2026-06-30 | Budget Balance | -14.62 | -10.0 | -0.215 | Low | -2.81 |
| 2026-06-17 | Retail Sales MoM | 0.9 | -1.0 | +0.288 | Low | +2.79 |
| 2026-07-22 | Retail Sales MoM | 0.1 | 0.6 | -0.126 | Low | -2.75 |
| 2026-05-29 | Private Sector Credit YoY | 9.2 | 7.9 | +0.423 | Low | +2.65 |
| 2026-05-20 | Core Inflation Rate MoM | 0.5 | 1.3 | +0.465 | Low | +2.36 |
| 2026-06-01 | ABSA Manufacturing PMI | 50.8 | 49.4 | +0.325 | Low | +2.17 |
| 2026-06-23 | Consumer Confidence | -19.0 | -16.0 | -0.191 | Low | -2.13 |
| 2026-05-12 | Manufacturing Production YoY | 0.9 | -1.0 | +0.451 | Low | +1.90 |
| 2026-06-11 | Mining Production YoY | 8.2 | 3.0 | +0.224 | Low | +1.89 |
| 2026-05-12 | Unemployment Rate | 32.7 | 32.3 | -0.203 | Medium | -1.71 |
| 2026-05-12 | Unemployment Rate | 32.7 | 32.3 | -0.203 | Medium | -1.71 |
| 2026-04-30 | Producer Price Index YoY | 2.3 | 1.8 | -0.427 | Low | -1.37 |
| 2026-07-09 | Manufacturing Production YoY | -4.3 | -3.2 | -0.082 | Low | -1.32 |
| 2026-05-20 | Retail Sales MoM | 0.1 | -0.2 | +0.228 | Low | +1.16 |
| 2026-06-11 | Gold Production YoY | -0.2 | 2.9 | -0.106 | Low | -0.89 |
| 2026-05-12 | Manufacturing Production MoM | 0.8 | -1.8 | +0.208 | Low | +0.88 |
| 2026-06-05 | Foreign Exchange Reserves | 76.58 | 76.8 | -0.116 | Low | -0.85 |
| 2026-06-09 | GDP Growth Rate YoY | 1.9 | 1.8 | +0.048 | Medium | +0.78 |
| 2026-06-02 | Business Confidence | 39.0 | 38.0 | +0.054 | Medium | +0.74 |
| 2026-06-02 | Business Confidence | 39.0 | 38.0 | +0.054 | Medium | +0.74 |
| 2026-07-22 | Retail Sales YoY | 2.3 | 2.5 | -0.033 | Low | -0.73 |
| 2026-04-30 | Balance of Trade | 31.87 | 40.0 | -0.084 | Medium | -0.54 |
| 2026-04-30 | Private Sector Credit YoY | 8.5 | 9.0 | -0.143 | Low | -0.46 |
| 2026-06-18 | Building Permits YoY | 16.9 | 15.0 | +0.042 | Low | +0.41 |
| 2026-07-09 | Manufacturing Production MoM | 1.1 | 1.3 | -0.022 | Low | -0.36 |
| 2026-05-14 | Gold Production YoY | 17.1 | 9.5 | +0.079 | Low | +0.35 |
| 2026-05-12 | Unemployed Persons | 8.137 | 8.2 | +0.066 | Low | +0.28 |
| 2026-05-12 | Unemployed Persons | 8.137 | 8.2 | +0.066 | Low | +0.28 |
| 2026-07-14 | Gold Production YoY | -4.3 | -5.0 | +0.014 | Low | +0.25 |
| 2026-05-14 | Mining Production YoY | 2.5 | 4.1 | -0.050 | Low | -0.22 |
| 2026-07-01 | Total New Vehicle Sales | 54.48 | 52.0 | +0.014 | Low | +0.19 |
| 2026-05-08 | Foreign Exchange Reserves | 77.09 | 77.0 | +0.047 | Low | +0.18 |
| 2026-05-29 | Budget Balance | -63.57 | -60.0 | -0.028 | Low | -0.17 |
| 2026-05-04 | Total New Vehicle Sales | 47.98 | 53.5 | -0.031 | Low | -0.11 |
| 2026-06-01 | Total New Vehicle Sales | 51.07 | 49.0 | +0.013 | Low | +0.09 |
| 2026-05-20 | Retail Sales YoY | 2.6 | 2.5 | +0.017 | Low | +0.08 |
| 2026-05-29 | Balance of Trade | 15.16 | 15.0 | +0.004 | Medium | +0.06 |
| 2026-06-11 | Mining Production MoM | 3.3 | 3.2 | +0.007 | Low | +0.06 |
| 2026-05-28 | Prime Overdraft Rate | 10.5 | 10.5 | +0.000 | Low | +0.00 |
| 2026-05-28 | Interest Rate Decision | 7.0 | 7.0 | +0.000 | Medium | +0.00 |