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Home | Press Release
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Trade conditions remain bleak – Sacci |
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May 14, 2015, 03:43:43 AM |
The Trade Activity Index (TAI), which measures current trade activity and was released by the South African Chamber of Commerce and Industry (SACCI) on Tuesday, improved marginally in April but the outlook remained subdued as SACCI described trade conditions in the medium term as “middle of the road“.
The seasonally adjusted TAI rose by 4 index points to 51 in April, breaching through the critical break-even barrier of 50. At the same time, the seasonally adjusted Trade Expectations Index (TEI), which measures trade conditions six months ahead, rose two points to 54 in March, again suggesting tepid growth in both domestic and foreign trade in the months ahead.
Most worrisome in both indices was the bleak employment prospects they presented as the employment sub indices declined by 3 points to 47 in the TAI and by 1 point to 45 in the TEI. Read more |
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Shah, Sheikhupura, Punjab, Pakistan |
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