Trade conditions remained in negative territory in July 2015 with the seasonally adjusted composite Trade Activity Index (TAI) measuring 47, according to the South African Chamber of Commerce and Industry (Sacci).
Although marginally up from 46 in June 2015, tighter household budgets and the subdued domestic and global economic environment kept the lid on all facets of trade, said Sacci economist, Richard Downing.
He commented that, notwithstanding trade conditions that remained negative and unchanged in July 2015, trade expectations for the next six months were slightly better and in positive territory, with the Trade Expectation Index (TEI) increasing to 59 from 58 in June 2015.
“Continuing problems with electricity supply shortages affected the trade of consumer and intermediary goods and services and foreign trade competitiveness. The supplier deliveries index contracted from 46 to 41 while the inventories sub-index improved to 49 from 47,” said Downing.
SA trade conditions still in a slump
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