Reports – Page 30 – Econometrix

Recap & Outlook : 25 August 2025

Recap & Outlook is a single report focused on the key developments of the week.

In line with consensus estimates, South African headline inflation accelerated to +3.5% y/y in July from +3.0% y/y in June,

Offshore developments and inflation the main events of the week ahead

The past week was characterised by continued positive sentiment in the US, based on expectations of rate cuts starting in

Recap & Outlook is a single report focused on the key developments of the week that was and the week

South African retail sales growth slowed to +1.6% y/y in June from a revised +4.3% y/y in May.

South Africa’s official unemployment rate increased to 33.2% in Q2 from 32.9% in Q1.

Mining production grew by +2.4% y/y in June from a revised reading of +0.3% y/y in May. June’s print outperformed

Manufacturing production expanded by +1.9% y/y in June, beating expectations of +0.6% y/y and improving from a revised reading of

World waits for tariff impact, as Kganyago seeks to defuse tensions with the Fin Min.