Trade conditions remained tight in June – Sacci
About this episode
The episode discusses the tight trade conditions in June as reported by Sacci, highlighting the impact of crude oil prices and inflation on the economy.
Trade conditions remained tight in June – Sacci The crude oil price returning to about $72/bl at the end of June had positive effects on business and particularly on general trade conditions for the month and improved trade expectations, reports business organisation the South African Chamber of Commerce and Industry (Sacci). Sales prices remained stable in June, although the general price level, or inflation, partially started to reflect the full fuel price impact in May, Sacci says in its 'Trade Conditions Survey' for June. The lower sales volumes and new orders for May and June indicate the real effect of the rising fuel prices and their effect on spending patterns in the economy, it adds. However, expected trade conditions moved firmly back into positive mode for the next six months according to the survey. The gap between present and expected trade conditions remains wide, but the much lower crude oil and pump prices spurred positive expectations after the serious dip in the Trade Expectations Index in April, Sacci notes. Further, trade conditions continued to be tight in June, with the Trade Conditions Index for June 2026 remaining subdued at thirty-six. Meanwhile…
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