June 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
June 2020

Key takeaways:

  • The RMB/BER Business Con­fidence Index for 2Q 2020 was down 13 index points in comparison to 1Q 2020.
  • The growth in money supply – the total value of money available in the economy – in April 2020 was 10.47%, compared to 8.74% in April 2019.
  • The average gold price per ounce for May 2020 was $1 718, compared to $1 283 in May 2019. The average platinum price per ounce was $801 compared to $829 for the same period.
  • The crude oil price (brent/barrel) in May 2020 was $29.48, compared to $71.35 in May 2019.
  • South Africa recorded a merchandise trade de­ficit of R0.3 billion for January-April 2020, compared to a trade deficit of R8.9 billion for January-April 2019.
  • Vehicles exported were down 41.3% for January-May 2020, compared to January-May 2019. Tractors sold were down 9.1% for the same period.
  • Manufacturing production (volume) for January-March 2020 was down 3.3%, compared to January-March 2019. Mining production for January-April 2020 decreased by 13.9% in comparison to January-April 2019.

Full report (PDF)