August 2021

18 August 2021 - The CRA's Fast Stats provides data-driven insights into current political and economic trends.
August 2021

Key takeaways:

  • The Leading Business Indicator in May 2021 was up 2.4% compared to April 2021.
  • The headline inflation rate for July 2021 was up 4.6% compared to July 2020, with core inflation up 3.0% for the same period.
  • The growth in money supply — the total value of money available in the economy — in June 2021 was 0.1%, compared to 11.1% in June 2020.
  • Equities net purchases/sales by foreigners for January-July 2021 reached -R68.1 billion, compared to -R63.0 billion for January-July 2020. Bonds net purchases/sales reached -R48.2 billion compared to -R62.0 billion for the same period.
  • The average gold price per ounce in July 2021 was $1 806, compared to $1 842 in July 2020. The average platinum price per ounce was $1 087 compared to $862 for the same period.
  • The average crude oil price (brent/barrel) in July 2021 was $75.09, compared to $43.26 in July 2020.
  • South Africa recorded a merchandise trade surplus of R255.6 billion for January-June 2021, compared to a surplus of R56.7 billion for January-June 2020.
  • Total vehicles sold were up 33.7% for January-July 2021, compared to January-July 2020. Vehicles exported were up 47.3% and tractors sold were up 25.7% for the same period.
  • The volume of manufacturing production for January-June 2021 was up 16.3%, compared to January-June 2020. The volume of mining production for January-May 2021 was up 20.6% compared to January-May 2020.

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