BER Comment

Research Notes
Comments
Impumelelo Economic Growth Lab

BER Comment

Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.

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Business confidence declines further

Date Uploaded: September 06 2011 12:00


The steep decline in the RMB/BER BCI from 48 to 39 and the underlying developments in all the sectors, except for the retail trade, indicate that GDP growth probably remained weak and that the upturn lost momentum in the third quarter.