archived ecobulletins

This reference list contains extracts from ecobulletins from August 2000 - August 2001
28 Aug 01

Second quarter GDP figures provide some encouragement

27 Jul 01

MPC statement provides additional hope of reduced inflation

25 Jul 01

June PPI inflation higher than expected because of artificial boost in electricity costs

23 Jul 01

Impact of potential strikes very difficult to quantify at this stage

19 Jul 01

Petrol prices, interest rates and inflation

17 Jul 01 June CPI figures perfectly in line with our expectations
30 Apr 01 March trade figures provide excellent news
12 Feb 01

Mbeki impresses with his economic intellect in his TV interview

9 Feb 01

Mbeki's call to unity most encouraging in a very comprehensive address

8 Feb 01

Retail sales growth up nicely in November driven by better food sales

6 Feb 01

Solid growth in December manufacturing production at pointer to continued moderate economic growth

5 Feb 01

This week's petrol price cut might be the last

5 Feb 01

Mbeki, perceptions and his opening of parliament address

2 Feb 01

Liquidations and insolvencies continue to decline

2 Feb 01 Strong recovery in car sales in January confirms continuation of moderate economic growth
2 Feb 01 January's reserves figures better than expected possibly due to massive trade surplus
1 Feb 01

Growth in electricity consumption slows markedly in December but growth in electricity production remains moderate

31 Jan 01

Massive December trade surplus dispels fears surrounding November's huge deficit

26 Jan 01 US rate cuts will merely help prevent SA rates from rising
24 Jan 01

Delay in introduction of capital gains tax to be welcomed

19 Jan 01

MPC's decision to leave rates unchanged comes as no surprise

18 Jan 01

OPEC's production cuts to limit inflation's fall but might enhance oil price stability

17 Jan 01

Kabila's death could ironically improve sentiment towards Southern Africa

11 Jan 01

Rand's decline linked to foreign disillusionment with government's Telkom stance

10 Jan 01

October retail sales disappoint

9 Jan 01

November manufacturing production figures much in line with expectations.

9 Jan 01

Vehicle sales in December disappoint, but special factors might account for this.

5 Jan 01

Telkom: perceptions of the dilemma between maintaining social stability and pursuing investor friendly policies.

4 Jan 01

Greenspan's rate cuts provide relief but questionable if US recession can be avoided.

4 Jan 01

November growth in electricity consumption disappointingly low.

3 Jan 01

December reserves outcome disappointing, but US slowdown dominates markets.

2 Jan 01

Telkom retrenchments: the government caught in pincer between its left-wing and foreign investors.

1 Jan 01 Summary of 2000 and expectations for 2001
29 Dec 00

Shocking November trade figures probably due to a weak Rand and high oil prices

29 Dec 00

November credit figures illustrate why it is premature to loosen monetary policy.

25Nov- 28Dec For copies of Ecobulletins during this time please contact Econometrix
24 Nov

3rd Quarter GDP figures reflect continuation of steady moderate growth

23 Nov

Other emerging market authorities support their currencies

23 Nov

Extra public holiday might knock a decimal point off 2000 growth

22 Nov

Rise in PPI inflation in October not that bad once fuel price impact excluded

21 Nov

October CPI inflation encouragingly lower than expected

16 Nov

MPC outcome as expected: watch the real Rand to gauge if rates will rise

9 Nov

Trade-weighted decline of Rand regains momentum

7 Nov September’s manufacturing production shows moderate growth continues
6 Nov Obsession with lack of investment, but much discussion and absence of action
6 Nov

A Gore victory probably better for SA and its markets than a Bush win

2 Nov

September sees marked slowdown in growth of electricity consumption

2 Nov

Strength of October vehicle sales allays fears of slump in real economic activity

2 Nov October reserves somewhat disappointing
1 Nov Decline in business confidence may have had a slightly negative effect on retail sales
30 Oct Fiscal discipline of MTBP reassuring but some questions remain unanswered
30 Oct Money supply and credit growth probably boosted by Rand’s decline in September
28 Oct September trade figures shock but special factors could be at play
27 Oct Key point of interest in MTBP will be projections of privatisation receipts
26 Oct Will Mbeki’s speech to SACOB be a turning point in business confidence?
25 Oct Surprising fall in PPI for oil holds down increase in September PPI inflation
24 Oct

The current mood of despondency amongst businessmen

18 Oct Cellphones - a boon or a curse?
17 Oct Underlying inflation basically unchanged in September on most counts
17 Oct Reserve bank signals it is alert on inflation by hiking repo rate
13 Oct The Rand - no interest rate hike for now
11 Oct Rand hits lowest level in over two years
10 Oct Manufacturing production indicative of continued moderate growth
5 Oct (1) Growth in electricity consumption low positive in August
(2) Rate of insolvencies continues falling
4 Oct Retail sales growth slows in July but remains positive
3 Oct September reserves maintain upward trend mainly because of Rand depreciation
3 Oct September NAAMSA vehicle sales encouragingly firm
2 Oct Disturbing perceptions regarding the state of the nation
27 Sep Sharp rise in August PPI inflation reflects knock-on effects of oil and Rand
22 Sep Technically wall street looks very vulnerable
21 Sep Unchanged monetary policy unsurprising but decline in Rand difficult to explain
20 Sep Second qtr GDP figures reflect slower fixed investment and govt. spending than expected
19 Sept Inflation excluding fuel price remains subdued in August
15 Sep New economic time series points to positive but fairly lacklustre growth
13 Sep   (1) Key US data could affect markets
(2) What can be done to temper the oil price effect?   
12 Sep July manufacturing production reflects moderate growth
11 Sep   OPEC's decision to raise output still leaves oil price outlook confused  

8 Sep  - The Oil Price and the SA Economy

7 Sep - Euro and Pound break down against Dollar and Yen

7 Sep - Electricity consumption boasts higher growth in July  

6 Sep - June retail sales growth the best in almost three years  

4 Sep  - August vehicle sales confirm economy continues growing , but in low gear

4 Sep - August reserves figures marginally disappointing

4 Sep - Signs of US growth slowing down could boost Rand and bonds

31 Aug - Rise in July imports may reflect faster growth and a warning against rate cuts

30 Aug - Pick-up in credit growth argues against rate cuts soon

28 Aug - Subdued but positive 2nd qtr GDP growth much as expected.

23 Aug - Decline in Agricultural food prices neutralises effects of oil price rise on July's PPI.

15 Aug - Inflation slightly higher than expected, but no cause for concern

14 Aug - No surprise as monetary policy committee leaves interest rates unchanged again

11 Aug - Governments accelerated privitisation policy disappoints markets, but has much merit

8 Aug - June's manufacturing production growth not as impressive as first appears

7 Aug - Relative growth rates explain why SA not attracting FDI

4 Aug - Positive developments,  but Rand and improved perceptions will depend on delivery...

3 Aug - (1)Growth in electricity consumption low positive in  June   - (2)Rate of insolvencies falling

2 Aug - July vehicle sales disappoint, but it's not surprising following such buoyancy in May and June
         

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21 Sep 00