Indicators to keep an eye on – analyst
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Some of the key economic indicators we need to keep an eye on over the course of this week include data about mining and manufacturing output in South Africa in February 2022.
North West University (NWU) economics professor, Waldo Krugell [Waldo Krugell | news.nwu.ac.za], says we can also expect retail, wholesale and motor trade figures from Statistics South Africa.
Expectations are such that the data will confirm that the country’s economy started the year on a good note.
“Though February numbers now seem out of date considering the subsequent impact of Russia’s invasion of Ukraine, they do help economists to refine their predictions for the year ahead. This is also why the Reserve Bank’s bi-annual monetary policy review document will be interesting this week,” says Krugell.
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On the international front, the United States of America’s consumer price index (CPI) inflation data for March will be released this week, not forgetting the European Central Bank’s monetary policy decision.
“They are expected to keep their policy interest rate unchanged,” predicts the NWU economist.
Listen to Krugell unpack last week’s indicators below:
North West University (NWU) economics professor, Waldo Krugell [Waldo Krugell | news.nwu.ac.za], says we can also expect retail, wholesale and motor trade figures from Statistics South Africa.
Expectations are such that the data will confirm that the country’s economy started the year on a good note.
“Though February numbers now seem out of date considering the subsequent impact of Russia’s invasion of Ukraine, they do help economists to refine their predictions for the year ahead. This is also why the Reserve Bank’s bi-annual monetary policy review document will be interesting this week,” says Krugell.
#OFMBusinessHour - Spectrum auction ‘ray of hope’ for SA | OFM
On the international front, the United States of America’s consumer price index (CPI) inflation data for March will be released this week, not forgetting the European Central Bank’s monetary policy decision.
“They are expected to keep their policy interest rate unchanged,” predicts the NWU economist.
Listen to Krugell unpack last week’s indicators below:
