Cautious Trade Prospects
The SACCI Trade Conditions Survey Trade Activity Index (TAI) at 47 for July 2017 reflects reserved trade conditions with the TAI still below 50. The seasonally adjusted TAI, however, improved by a further two index points to 51 in July from 49 in June 2017 and was also 3 points higher than in July 2016.
Since March 2017, the seasonally adjusted Trade Expectations Index (TEI) decreased by 11 index points after the index reached a high of 61 in February 2017. The seasonally adjusted Trade Expectations Index (TEI) like the TAI also measured 50 in July compared to 52 in July 2016. The slow growing economy is leaving its mark on trade conditions while challenging economic expectations continue to depress trade prospects.
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Author: Derrick Markotter
RCCI Webmaster Derrick runs a boutique web marketing agency, IdealMedia Marketing.