South Africa
-1.8
▬
vs 1w ago (-2.7)
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
-1.8
1 Week Ago
-2.7
Releases (90d)
82
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with JSE Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Foreign Exchange Reserves +1.97z
- Inflation Rate YoY +1.39z
- Manufacturing Production MoM +0.60z
- Producer Price Index MoM +0.79z
- Inflation Rate MoM +0.45z
▼ Top Negative Surprises
- Inflation Rate YoY -2.00z
- Interest Rate Decision -1.63z
- Current Account -0.80z
- Core Inflation Rate YoY -1.23z
- GDP Growth Rate QoQ -0.36z
All Releases — 90 Day Window (82 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-09-07 | Foreign Exchange Reserves | 75.95 | 72.4 | +1.967 | Low | +44.84 |
| 2026-08-19 | Inflation Rate YoY | 4.3 | 4.5 | +1.391 | Medium | +40.89 |
| 2026-07-22 | Inflation Rate YoY | 5.0 | 4.7 | -1.998 | Medium | -30.75 |
| 2026-07-23 | Interest Rate Decision | 7.0 | 7.25 | -1.627 | Medium | -25.63 |
| 2026-09-10 | Current Account | -205.5 | -85.0 | -0.800 | Low | -19.54 |
| 2026-08-19 | Core Inflation Rate YoY | 4.2 | 4.0 | -1.228 | Low | -18.05 |
| 2026-09-08 | GDP Growth Rate QoQ | -0.2 | -0.1 | -0.362 | Medium | -16.87 |
| 2026-08-19 | Core Inflation Rate MoM | 0.5 | 0.2 | -1.138 | Low | -16.73 |
| 2026-09-10 | Manufacturing Production MoM | 2.2 | -0.7 | +0.599 | Low | +14.63 |
| 2026-08-27 | Producer Price Index MoM | -1.0 | -0.4 | +0.791 | Low | +13.98 |
| 2026-08-19 | Inflation Rate MoM | 0.2 | 0.3 | +0.446 | Medium | +13.10 |
| 2026-07-23 | Interest Rate Decision | 7.0 | 7.25 | -1.627 | Low | -12.81 |
| 2026-07-22 | Core Inflation Rate MoM | 0.6 | 0.2 | -1.518 | Low | -11.68 |
| 2026-07-23 | Building Permits YoY | -13.1 | -2.5 | -1.455 | Low | -11.45 |
| 2026-07-23 | Prime Overdraft Rate | 10.5 | 10.75 | -1.364 | Low | -10.74 |
| 2026-08-25 | Leading Business Cycle Indicator MoM | -1.4 | -0.5 | -0.615 | Low | -10.39 |
| 2026-09-08 | GDP Growth Rate YoY | 0.9 | 1.2 | -0.219 | Medium | -10.22 |
| 2026-09-02 | Business Confidence | 38.0 | 34.0 | +0.247 | Medium | +10.01 |
| 2026-09-10 | Manufacturing Production YoY | 1.1 | -1.6 | +0.403 | Low | +9.85 |
| 2026-06-17 | Core Inflation Rate YoY | 3.8 | 4.3 | +2.857 | Low | +9.79 |
| 2026-08-13 | Gold Production YoY | 6.2 | -1.0 | +0.717 | Low | +9.17 |
| 2026-06-17 | Inflation Rate YoY | 4.5 | 4.7 | +1.332 | Medium | +9.13 |
| 2026-08-07 | Foreign Exchange Reserves | 73.45 | 72.0 | +0.808 | Low | +9.00 |
| 2026-06-30 | Inflation Expectations | 4.2 | 3.8 | -1.707 | Low | -7.90 |
| 2026-08-20 | Building Permits YoY | 30.5 | 12.4 | +0.501 | Low | +7.53 |
| 2026-07-07 | Foreign Exchange Reserves | 74.11 | 76.4 | -1.203 | Low | -6.54 |
| 2026-08-31 | M3 Money Supply YoY | 8.57 | 9.2 | -0.334 | Low | -6.48 |
| 2026-09-10 | Gold Production YoY | -7.4 | 4.5 | -0.263 | Low | -6.44 |
| 2026-08-11 | Unemployment Rate | 33.6 | 33.1 | -0.253 | Medium | -6.18 |
| 2026-08-11 | Unemployment Rate | 33.6 | 33.1 | -0.253 | Medium | -6.18 |
| 2026-06-17 | Inflation Rate MoM | 0.7 | 2.0 | +0.869 | Medium | +5.96 |
| 2026-09-01 | ABSA Manufacturing PMI | 45.8 | 47.0 | -0.295 | Low | -5.85 |
| 2026-09-10 | Mining Production YoY | -7.5 | -2.8 | -0.218 | Low | -5.33 |
| 2026-08-03 | ABSA Manufacturing PMI | 46.8 | 49.0 | -0.519 | Low | -5.27 |
| 2026-07-30 | Producer Price Index MoM | -0.1 | 1.8 | +0.557 | Low | +5.15 |
| 2026-07-28 | Leading Business Cycle Indicator MoM | -0.3 | 0.5 | -0.547 | Low | -4.83 |
| 2026-07-22 | Core Inflation Rate YoY | 4.1 | 4.0 | -0.614 | Low | -4.73 |
| 2026-06-30 | Balance of Trade | -1.79 | 19.0 | -0.456 | Medium | -4.22 |
| 2026-07-14 | Mining Production YoY | -5.4 | 1.5 | -0.598 | Low | -3.82 |
| 2026-07-14 | Mining Production MoM | -5.2 | 2.9 | -0.596 | Low | -3.81 |
| 2026-08-18 | SACCI Business Confidence | 125.4 | 123.8 | +0.248 | Low | +3.56 |
| 2026-07-31 | Balance of Trade | 17.75 | 32.0 | -0.185 | Medium | -3.51 |
| 2026-08-18 | SACCI Business Confidence | 123.5 | 125.0 | -0.230 | Low | -3.30 |
| 2026-07-01 | ABSA Manufacturing PMI | 47.3 | 50.3 | -0.689 | Low | -3.26 |
| 2026-06-23 | Leading Business Cycle Indicator MoM | -1.8 | 1.7 | -0.704 | Low | -2.77 |
| 2026-08-11 | Manufacturing Production MoM | 0.9 | -1.6 | +0.226 | Low | +2.76 |
| 2026-07-22 | Inflation Rate MoM | 0.7 | 0.8 | +0.167 | Medium | +2.57 |
| 2026-08-13 | Mining Production MoM | 0.3 | 3.2 | -0.193 | Low | -2.47 |
| 2026-08-11 | Unemployed Persons | 8.481 | 8.3 | -0.192 | Low | -2.35 |
| 2026-08-11 | Unemployed Persons | 8.481 | 8.3 | -0.192 | Low | -2.35 |
| 2026-06-17 | Core Inflation Rate MoM | 0.2 | 1.6 | +0.664 | Low | +2.28 |
| 2026-08-28 | Budget Balance | -161.58 | -130.0 | -0.117 | Low | -2.11 |
| 2026-08-13 | Mining Production YoY | -4.0 | -1.8 | -0.159 | Low | -2.03 |
| 2026-07-29 | Private Sector Credit YoY | 7.8 | 8.5 | -0.213 | Low | -1.93 |
| 2026-08-19 | Retail Sales YoY | 1.6 | 2.3 | -0.128 | Low | -1.88 |
| 2026-07-30 | Budget Balance | 80.13 | 57.0 | +0.195 | Low | +1.80 |
| 2026-08-27 | Producer Price Index YoY | 5.7 | 6.1 | +0.102 | Low | +1.80 |
| 2026-09-10 | Mining Production MoM | -1.9 | -1.5 | -0.057 | Low | -1.39 |
| 2026-06-17 | Retail Sales YoY | 1.3 | 0.7 | +0.360 | Low | +1.23 |
| 2026-07-30 | Producer Price Index YoY | 7.5 | 8.2 | +0.132 | Low | +1.22 |
| 2026-06-25 | Producer Price Index MoM | 2.6 | 1.7 | -0.279 | Low | -1.15 |
| 2026-06-30 | Private Sector Credit YoY | 8.57 | 9.4 | -0.229 | Low | -1.06 |
| 2026-06-25 | Producer Price Index YoY | 7.8 | 6.7 | -0.254 | Low | -1.05 |
| 2026-06-30 | Budget Balance | -14.62 | -10.0 | -0.222 | Low | -1.03 |
| 2026-06-17 | Retail Sales MoM | 0.9 | -1.0 | +0.290 | Low | +0.99 |
| 2026-07-22 | Retail Sales MoM | 0.1 | 0.6 | -0.127 | Low | -0.98 |
| 2026-08-31 | Balance of Trade | 20.14 | 19.0 | +0.025 | Medium | +0.97 |
| 2026-08-19 | Retail Sales MoM | -0.6 | -1.0 | +0.061 | Low | +0.90 |
| 2026-08-11 | Manufacturing Production YoY | -1.7 | -2.3 | +0.062 | Low | +0.76 |
| 2026-06-23 | Consumer Confidence | -19.0 | -16.0 | -0.191 | Low | -0.75 |
| 2026-07-09 | Manufacturing Production YoY | -4.3 | -3.2 | -0.082 | Low | -0.47 |
| 2026-07-29 | M3 Money Supply YoY | 9.31 | 9.4 | -0.047 | Low | -0.42 |
| 2026-07-22 | Retail Sales YoY | 2.3 | 2.5 | -0.034 | Low | -0.26 |
| 2026-06-18 | Building Permits YoY | 16.9 | 15.0 | +0.043 | Low | +0.15 |
| 2026-07-09 | Manufacturing Production MoM | 1.1 | 1.3 | -0.022 | Low | -0.13 |
| 2026-07-14 | Gold Production YoY | -4.3 | -5.0 | +0.014 | Low | +0.09 |
| 2026-07-01 | Total New Vehicle Sales | 54.48 | 52.0 | +0.015 | Low | +0.07 |
| 2026-08-31 | Private Sector Credit YoY | 7.41 | 7.4 | +0.004 | Low | +0.07 |
| 2026-08-03 | Total New Vehicle Sales | 57.71 | 57.0 | +0.004 | Low | +0.04 |
| 2026-09-01 | Total New Vehicle Sales | 57.9 | 58.0 | -0.001 | Low | -0.01 |
| 2026-09-01 | Total New Vehicle Sales | 57.9 | 58.0 | -0.001 | Low | -0.01 |
| 2026-09-03 | S&P Global PMI | 50.5 | 50.5 | +0.000 | Low | +0.00 |