THE SACOB/Standard Bank’s SA trade expectations index (TEI), which measures expectations for trade conditions six months hence, has recorded a reading of 63. This shows a steadfast, optimistic view of the medium-term outlook. “Expectations about sales volumes and new orders are somewhat lower,” according to Standard Bank economist, Dr Johan Botha, “but the reading for employment is the highest ever, which may imply that the economy is finally starting to change gears as far as job creation is concerned. "By all accounts, the current domestic economic environment is still characterised by spirited consumer demand and high levels of economic activity."
