South Africa Economy & South Africa Markets Data analytics

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MacroVar monitors real-time economic, financial and geopolitical developments for the South Africa economy and South Africa markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.

South Africa Overview

 
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South Africa Overview presents the current trends and dynamics of the major South Africa financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.


Symbol Price 1D% MoM% YoY% M T B Factors Details
FTSE/JSE Top 40 JTOPI 73478 -0.14 0.05 5.68
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa 2-Year Bond Yield SA.2Y 7.58 0 0.01 41.59
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend High MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
South Africa 10-Year Bond Yield ZA.10Y 9.94 -0.84 -0.06 -7.05
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.5 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -100.0 High 2024-07-10 11:04:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South African Rand US Dollar (ZAR/USD) ZARUSD 18.09 -0.12 -0.02 2
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum -1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa 10Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa 2Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa PMI vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
Manufacturing PMI za.manpmi 52.4 15 15 9
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum UP High 2024-07-31 12:09:13 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend UP High 2024-07-31 12:09:13 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
FTSE/JSE Top 40 JTOPI 73478 -0.14 0.05 5.68
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa ETF EZA 44.37 0.59 0.1 13.95
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
South Africa PMI vs ETF Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
South Africa 2-Year Bond Yield SA.2Y 7.58 0 0.01 41.59
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend High MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
South Africa 10-Year Bond Yield ZA.10Y 9.94 -0.84 -0.06 -7.05
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.5 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -100.0 High 2024-07-10 11:04:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa Yield Curve SA.YC 2.58 -1.34 0.23 -34.44
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Description
South African Rand US Dollar (ZAR/USD) ZARUSD 18.09 -0.12 -0.02 2
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum -1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa 10Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa 2Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa PMI vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa Credit Default Swaps CDS.South-Africa 201 0 209.5 0
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Z-scores Premium Factors are available to premium users only. Upgrade your account. MacroVar CDS and Volatilites are analyzed by calculating the 1-year and 5-year z-scores. Extreme values of absolute z-scores (greater than 2) indicate elevated credit risk conditions and vice-versa.Learn More about MacroVar Risk Management model
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
Composite PMI za.comppmi 49.2 -2 -2 1
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-10-03 10:46:23 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend UP High 2024-10-03 10:46:23 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Manufacturing PMI za.manpmi 52.4 15 15 9
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum UP High 2024-07-31 12:09:13 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend UP High 2024-07-31 12:09:13 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
GDP Growth (annual) za.gdpgrowthan 0.5 -64 -64 -119
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down High 2024-08-10 07:59:38 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down High 2024-08-10 07:59:38 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Inflation CPI za.inflationcpi 5.1 -2 -2 -6
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down Medium 2024-10-18 11:08:07 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend Down Medium 2024-10-18 11:08:07 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Unemployment rate za.unemploymentrate 32.9 2 2 1
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down Medium 2024-08-10 07:59:16 Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
Trend UP Medium 2024-08-10 07:59:16 A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Description
Symbol Price 1D% MoM% YoY% M T B Factors Details
FTSE/JSE Top 40 JTOPI 73478 -0.14 0.05 5.68
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend 1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs Stocks Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa 2-Year Bond Yield SA.2Y 7.58 0 0.01 41.59
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend High MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk High MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Description
South Africa 10-Year Bond Yield ZA.10Y 9.94 -0.84 -0.06 -7.05
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.5 High 2024-10-07 08:47:02 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -100.0 High 2024-07-10 11:04:02 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa PMI vs 10Y Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South African Rand US Dollar (ZAR/USD) ZARUSD 18.09 -0.12 -0.02 2
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum -1.0 High 2024-08-06 11:34:32 MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend -1.0 High 2024-08-06 11:34:32 MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk 0.0 High 2024-08-06 11:34:32 MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
South Africa 10Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa 2Y vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
South Africa PMI vs FX Premium Factors are available to premium users only. Upgrade your account. MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Description
South Africa Credit Default Swaps CDS.South-Africa 201 0 209.5 0
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Z-scores Premium Factors are available to premium users only. Upgrade your account. MacroVar CDS and Volatilites are analyzed by calculating the 1-year and 5-year z-scores. Extreme values of absolute z-scores (greater than 2) indicate elevated credit risk conditions and vice-versa.Learn More about MacroVar Risk Management model
Description

South Africa Economic Overview

  
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South Africa economic overview presents a snapshot of South Africa current economic conditions. You can find details for the South Africa economy subsections by exploring the sections below.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Composite PMI za.comppmi 51.0 50.5 1 0 UP Down
Manufacturing PMI za.manpmi 52.4 45.7 15 9 UP UP

South Africa Manufacturing

  
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MacroVar tracks hundreds of indicators related to South Africa manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the South Africa economy.


1Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Manufacturing PMI za.manpmi 52.4 45.7 15 9 UP UP
industrial production za.indproduction -1.2 1.6 -175 -186 Down Down

South Africa consumer sentiment

  
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Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to South Africa employment and South Africa consumer activity (building permits).


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
consumer confidence za.consconfidence -5.0 -10s -50 -50 UP UP
unemployment rate za.unemploymentrate 33.5 32.9s 2 -3 UP Down
retail sales za.retailsalesan 3.2 1.7s 88 -1167 UP UP
retail sales MoM za.retailsales 0.5 -0.2s -350 67 UP UP
car registrations za.carregistrations 30218.0 30022s 1 2 UP UP

South Africa Construction

  
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The South Africa construction sector is a significant component of the South Africa economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope

South Africa Macroeconomic outlook

  
South Africa Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the South Africa economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore South Africa macroeconomic model in detail.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
gdp za.gdp 377.78 405.87 -7 -9 UP Down
Real GDP za.realgdp 4653982.0 4631270 0 3 UP UP
gdp growth annual za.gdpgrowthan 0.3 0.5 -40 -98 Down Down
gdp growth za.gdpgrowth 0.4 0 0 -71 UP Down
inflation cpi za.inflationcpi 3.8 4.4 -14 -30 Down Down
interest rate za.interestrate 8.25 8.25 0 0 Down Down
unemployment rate za.unemploymentrate 33.5 32.9 2 -3 UP Down
government debt za.govdebt 75097.0 70245 7 -11 UP Down
external debt za.externaldebt 163852.0 158327 3 -4 UP Down
government debt to gdp za.govdebtgdp 72.2 72.8 -1 89 UP UP
current account za.currentaccount -64646.0 -106949 -40 -130 Down Down
current account to gdp za.currentaccountgdp -1.6 -0.5 220 -30 UP UP
exports za.exports 178392.0 169525 5 -3 UP Down
imports za.imports 158299.0 159057 -0 -9 Down Down
foreign exchange reserves za.fxreserves 63633.0 63210 1 4 UP UP
gold reserves za.goldres 125.41 125.41 0 0 UP Down
government revenues za.govrev 181369.0 169817 7 107 UP UP
fiscal expenditure za.fiscalexp 200768.0 249764 -20 -13 UP Down

South Africa Inflation

  
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MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.


Indicator Symbol Actual Previous M/M% Y/Y% Trend
inflation cpi za.inflationcpi 3.8 4.4 -14 -30
core inflation rate za.coreinflationrate 4.1 4.1 0 -9
Produce Prices YoY za.producerpricesch 4.2 4.6 -9 -28

South Africa Employment

  
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of South Africa employment. South Africa employment is one of the major factors affecting South Africa monetary policy.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
unemployment rate za.unemploymentrate 33.5 32.9 2 -3 UP Down

South Africa Monetary Policy

  
South Africa Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
interest rate za.interestrate 8.25 8.25 0 0 Down Down
central bank balance sheet za.cb.assets 1167707.0 1189510 -2 -2 Down Down
banks balance sheet za.banks.bs 8150240.0 7984240 2 7 UP UP
money supply m1 za.msm1 2812300.0 2651980 6 10 UP UP
money supply m2 za.msm2 4391966.0 4343350 1 7 UP UP
government debt to gdp za.govdebtgdp 72.2 72.8 -1 89 UP UP
loans to private sector za.loanprivate 4828204.0 4769990 1 5 UP UP
South Africa Credit Rating (S&P) RATING.S&P.za
South Africa Credit Rating (Moody's) RATING.MOODYS.za
South Africa Credit Rating (Fitch) RATING.FITCH.za

South Africa Fiscal Policy

  
South Africa Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
government revenues za.govrev 181369.0 169817 7 107 UP UP
fiscal expenditure za.fiscalexp 200768.0 249764 -20 -13 UP Down
government budget za.govbudget -4.9 -4.2 17 4 UP Down
Government budget za.govbudgetvalue -19400.0 -79950 -76 -59 UP UP
government debt za.govdebt 75097.0 70245 7 -11 UP Down
government debt to gdp za.govdebtgdp 72.2 72.8 -1 89 UP UP

South Africa Trade

  
South Africa trade activity is monitored by tracking Trade and Capital flows.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
current account za.currentaccount -64646.0 -106949 -40 -130 Down Down
current account to gdp za.currentaccountgdp -1.6 -0.5 220 -30 UP UP
balance of trade za.balanceoftrade 20090.0 10468.4 92 113 UP UP
imports za.imports 158299.0 159057 -0 -9 Down Down
exports za.exports 178392.0 169525 5 -3 UP Down
foreign direct investment za.fdi 16600.0 24441 -32 -4 Down Down
external debt za.externaldebt 163852.0 158327 3 -4 UP Down
foreign exchange reserves za.fxreserves 63633.0 63210 1 4 UP UP
gold reserves za.goldres 125.41 125.41 0 0 UP Down