Credit growth springs a positive surprise
By Andries Mahlangu - Jul 31st, 09:50
Growth in credit granted to the private sector accelerated more than expected in June, an encouraging sign from a market that has been relatively subdued since the start of 2018.
Private sector credit extension (PSCE) grew at an annual rate of 5.68% in June, from 4.54% in May, Reserve Bank data showed.
Trading Economics had anticipated PSCE growth of 4.7%. Investec had put it at 4.8%.
The main restraining influence on PSCE growth has been the corporate sector, Investec economist Lora Hodes said ahead of the data release.
"The weak economic growth backdrop, along with persistently depressed business confidence and declining investment rates, have contributed to the dampened corporate demand for credit."
M3 money supply, the Bank’s broadest measure of how much money is circulating in the economy, grew 5.77% year on year in June, from 5.73% in May, data showed.
When money supply increases, it typically increases the availability of loans. The higher the money supply growth, the higher the growth in available funds.
Farm and factory gate inflation slows slightly
14/12/2018 - 09:00
Falling fruit and vegetable prices helped slow producer inflation in November.
Annual manufacturing growth in October beats expectations
11/12/2018 - 20:21
Production from SA’s factories was boosted considerably in October compared with the same month in 2017, Statistics SA reported.
Retail sector showing signs of revival
10/12/2018 - 11:49
A study by the Bureau of Economic Research (BER) has shown that the retail sector showed signs of a revival in the last three months of the year after the sector ran into trouble in the third quarter of the year.
Business confidence remains flat
06/12/2018 - 13:28
Business confidence remained flat in November.
SA grocery retailers hoping for a merry festive season
06/12/2018 - 08:18
Grocery retailers have had a tough year, and like other retailers are hoping to see a boost in sales over the festive season.