SA recorded surprise trade deficit in April
By Sunita Menon - Jun 3rd, 11:03
SA recorded a surprise trade deficit of R3.43bn in April, despite expectations of a slight surplus.
April’s deficit was attributable to exports of R103.75bn and imports of R107.18bn, data from Sars showed.
Exports decreased by 1.3% from the month before while imports increased by 6.8%.
SA has been hit by waning demand from its main trading partners as well as a deterioration in the terms of trade. Analysts had expected the trade account to show a small surplus, as trade activity is typically affected by Easter and public holidays in April. Macroe-conomics website Trading Economics expected a small surplus of R1.4bn.
However, the figures are difficult to predict and economists stress that it is important to look at longer-term trends.
Compared to last year, the deficit was also a deterioration, with a deficit of R1.88bn recorded in April 2018.
March’s surplus was revised down by R0.29bn to R4.71bn.
The balance of trade is an indicator of the difference in value between a country’s imports and exports and dictates SA’s current account, which is indicative of the country’s trade with the rest of the world.Business Live
SA economy at risk of third-quarter contraction
11/10/2019 - 09:54
Dismal mining and manufacturing figures for August have raised the prospect of a third-quarter economic contraction.
Commerce: There is hope for easing trade tensions
09/10/2019 - 16:13
Global uncertainties and tensions are escalating and affecting trade in every region.
SA's economy enters 70th month of downward cycle
09/10/2019 - 15:50
South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to pressure on the government to implement reforms to lift business confidence and boost growth.
Business sentiment takes a turn for the better in September
09/10/2019 - 15:34
Business sentiment, as measured by the SA Chamber of Commerce and Industry (Sacci) business confidence index, took a positive turn in September.
Stats SA’s seasonal adjustment models are part of regular rebasing
08/10/2019 - 10:53
Every year, SA’s economic activity peaks in the fourth quarter (October-December). On the production (or industry) side of GDP, this pattern is driven mainly by three industries: manufacturing; trade, catering and accommodation; and transport, storage, and communication.