South Africa
+1.1
▬
vs 1w ago (+0.8)
South Africa economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
+1.1
1 Week Ago
+0.8
Releases (90d)
80
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 +1.94z
- Core Inflation Rate YoY +2.80z
- SACCI Business Confidence +2.71z
- ABSA Manufacturing PMI +1.44z
- Inflation Rate MoM +0.28z
▼ Top Negative Surprises
- Inflation Rate MoM -3.99z
- Inflation Rate YoY -0.82z
- Producer Price Index MoM -2.35z
- Foreign Exchange Reserves -3.00z
- Core Inflation Rate MoM -4.56z
All Releases — 90 Day Window (80 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-05-20 | Core Inflation Rate YoY | 3.6 | 3.9 | +1.939 | Low | +48.47 |
| 2026-03-18 | Inflation Rate MoM | 0.4 | 0.1 | -3.989 | Medium | -46.53 |
| 2026-05-20 | Inflation Rate YoY | 4.0 | 3.9 | -0.816 | Medium | -40.78 |
| 2026-04-30 | Producer Price Index MoM | 1.1 | 0.2 | -2.350 | Low | -37.00 |
| 2026-04-22 | Core Inflation Rate YoY | 3.2 | 3.6 | +2.800 | Low | +36.66 |
| 2026-04-21 | SACCI Business Confidence | 131.3 | 115.0 | +2.708 | Low | +34.64 |
| 2026-04-09 | Foreign Exchange Reserves | 77.76 | 84.0 | -3.002 | Low | -29.10 |
| 2026-03-18 | Core Inflation Rate MoM | 0.7 | 0.1 | -4.559 | Low | -26.59 |
| 2026-04-30 | Budget Balance | -45.6 | -10.0 | -1.598 | Low | -25.17 |
| 2026-05-04 | ABSA Manufacturing PMI | 52.6 | 46.7 | +1.436 | Low | +24.80 |
| 2026-05-14 | Mining Production MoM | -5.1 | -0.8 | -1.122 | Low | -24.42 |
| 2026-04-09 | Manufacturing Production YoY | -2.8 | -0.3 | -1.968 | Low | -19.08 |
| 2026-05-20 | Inflation Rate MoM | 1.1 | 1.4 | +0.285 | Medium | +14.25 |
| 2026-03-16 | Inflation Expectations | 3.6 | 4.0 | +2.553 | Low | +14.21 |
| 2026-03-16 | Inflation Expectations | 3.6 | 4.0 | +2.553 | Low | +14.21 |
| 2026-04-22 | Inflation Rate MoM | 0.6 | 1.0 | +0.532 | Medium | +13.93 |
| 2026-03-18 | Core Inflation Rate YoY | 3.0 | 3.3 | +2.291 | Low | +13.36 |
| 2026-04-07 | S&P Global PMI | 50.8 | 48.7 | +1.407 | Low | +13.02 |
| 2026-03-18 | Inflation Rate YoY | 3.0 | 3.1 | +1.026 | Medium | +11.97 |
| 2026-05-20 | Core Inflation Rate MoM | 0.5 | 1.3 | +0.468 | Low | +11.69 |
| 2026-05-12 | Manufacturing Production YoY | 0.9 | -1.0 | +0.449 | Low | +9.32 |
| 2026-05-12 | Unemployment Rate | 32.7 | 32.3 | -0.203 | Medium | -8.44 |
| 2026-05-12 | Unemployment Rate | 32.7 | 32.3 | -0.203 | Medium | -8.44 |
| 2026-03-12 | Current Account | 50.2 | -30.0 | +1.533 | Low | +7.78 |
| 2026-03-12 | Current Account | 50.2 | -30.0 | +1.533 | Low | +7.78 |
| 2026-03-31 | Balance of Trade | 36.92 | 18.0 | +0.433 | Medium | +6.81 |
| 2026-04-30 | Producer Price Index YoY | 2.3 | 1.8 | -0.426 | Low | -6.70 |
| 2026-03-04 | Business Confidence | 47.0 | 35.0 | +0.686 | Medium | +5.79 |
| 2026-03-04 | Business Confidence | 47.0 | 35.0 | +0.686 | Medium | +5.79 |
| 2026-04-09 | Manufacturing Production MoM | -2.2 | 0.7 | -0.594 | Low | -5.76 |
| 2026-02-26 | Producer Price Index MoM | -0.2 | 0.1 | +1.566 | Low | +5.75 |
| 2026-05-20 | Retail Sales MoM | 0.1 | -0.2 | +0.225 | Low | +5.63 |
| 2026-03-12 | Mining Production MoM | 2.9 | -0.8 | +0.966 | Low | +4.90 |
| 2026-04-21 | SACCI Business Confidence | 134.6 | 132.0 | +0.376 | Low | +4.81 |
| 2026-04-22 | Retail Sales MoM | -1.0 | 0.7 | -0.365 | Low | -4.77 |
| 2026-04-01 | ABSA Manufacturing PMI | 49.0 | 46.6 | +0.585 | Low | +4.72 |
| 2026-03-10 | GDP Growth Rate YoY | 0.8 | 1.8 | -0.477 | Medium | -4.62 |
| 2026-02-27 | Balance of Trade | 9.31 | -20.0 | +0.603 | Medium | +4.54 |
| 2026-05-12 | Manufacturing Production MoM | 0.8 | -1.8 | +0.207 | Low | +4.30 |
| 2026-03-26 | Producer Price Index MoM | 0.0 | -0.1 | -0.522 | Low | -3.66 |
| 2026-04-22 | Retail Sales YoY | 1.6 | 4.8 | -0.277 | Low | -3.63 |
| 2026-03-30 | Private Sector Credit YoY | 10.5 | 8.9 | +0.460 | Low | +3.54 |
| 2026-02-24 | Leading Business Cycle Indicator MoM | -1.0 | 0.8 | -0.879 | Low | -3.08 |
| 2026-04-28 | Leading Business Cycle Indicator MoM | 0.5 | 1.0 | -0.195 | Low | -2.94 |
| 2026-03-12 | Manufacturing Production MoM | 1.5 | 0.3 | +0.573 | Low | +2.91 |
| 2026-03-18 | Retail Sales MoM | 0.9 | -0.4 | +0.488 | Low | +2.85 |
| 2026-04-22 | Core Inflation Rate MoM | 0.8 | 1.1 | +0.207 | Low | +2.71 |
| 2026-04-30 | Balance of Trade | 31.87 | 40.0 | -0.084 | Medium | -2.64 |
| 2026-03-24 | Leading Business Cycle Indicator MoM | 0.4 | 0.2 | +0.391 | Low | +2.62 |
| 2026-03-12 | Mining Production YoY | 4.6 | -1.6 | +0.497 | Low | +2.52 |
| 2026-03-24 | Consumer Confidence | -7.0 | -11.0 | +0.364 | Low | +2.44 |
| 2026-04-30 | Private Sector Credit YoY | 8.5 | 9.0 | -0.142 | Low | -2.24 |
| 2026-03-06 | Foreign Exchange Reserves | 81.06 | 82.0 | -0.463 | Low | -2.05 |
| 2026-05-14 | Gold Production YoY | 17.1 | 9.5 | +0.078 | Low | +1.70 |
| 2026-03-18 | Retail Sales YoY | 4.2 | 2.5 | +0.283 | Low | +1.65 |
| 2026-03-26 | Producer Price Index YoY | 1.8 | 2.1 | +0.219 | Low | +1.54 |
| 2026-03-02 | ABSA Manufacturing PMI | 47.4 | 49.0 | -0.371 | Low | -1.50 |
| 2026-03-04 | S&P Global PMI | 50.0 | 50.5 | -0.323 | Low | -1.36 |
| 2026-05-12 | Unemployed Persons | 8.137 | 8.2 | +0.066 | Low | +1.36 |
| 2026-05-12 | Unemployed Persons | 8.137 | 8.2 | +0.066 | Low | +1.36 |
| 2026-02-26 | Producer Price Index YoY | 2.2 | 2.8 | +0.328 | Low | +1.21 |
| 2026-03-10 | GDP Growth Rate QoQ | 0.4 | 0.3 | +0.119 | Medium | +1.15 |
| 2026-05-14 | Mining Production YoY | 2.5 | 4.1 | -0.050 | Low | -1.09 |
| 2026-03-30 | Budget Balance | 27.28 | 21.0 | +0.134 | Low | +1.03 |
| 2026-03-12 | Gold Production YoY | 0.7 | -0.8 | +0.183 | Low | +0.93 |
| 2026-05-08 | Foreign Exchange Reserves | 77.09 | 77.0 | +0.047 | Low | +0.89 |
| 2026-04-14 | Mining Production MoM | 2.3 | 3.7 | -0.079 | Low | -0.86 |
| 2026-03-12 | Manufacturing Production YoY | -0.7 | -2.0 | +0.154 | Low | +0.78 |
| 2026-02-27 | Private Sector Credit YoY | 8.83 | 9.4 | -0.155 | Low | -0.58 |
| 2026-05-04 | Total New Vehicle Sales | 47.98 | 53.5 | -0.031 | Low | -0.53 |
| 2026-02-19 | Building Permits | -14.3 | -8.0 | -0.164 | Low | -0.51 |
| 2026-04-01 | Total New Vehicle Sales | 58.06 | 48.5 | +0.059 | Low | +0.47 |
| 2026-05-20 | Retail Sales YoY | 2.6 | 2.5 | +0.017 | Low | +0.42 |
| 2026-02-27 | Budget Balance | -69.69 | -62.8 | -0.049 | Low | -0.19 |
| 2026-04-14 | Gold Production YoY | 12.8 | 11.0 | +0.016 | Low | +0.17 |
| 2026-03-02 | Total New Vehicle Sales | 53.46 | 51.0 | +0.014 | Low | +0.06 |
| 2026-04-14 | Mining Production YoY | 9.7 | 10.0 | -0.004 | Low | -0.04 |
| 2026-03-26 | Prime Overdraft Rate | 10.25 | 10.25 | +0.000 | Low | +0.00 |
| 2026-03-26 | Interest Rate Decision | 6.75 | 6.75 | +0.000 | Medium | +0.00 |
| 2026-04-22 | Inflation Rate YoY | 3.1 | 3.1 | -0.000 | Medium | -0.00 |