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Improvements in construction & building materials sales encouraging - SEIFSA

Improvements in construction & building materials sales encouraging - SEIFSA
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April producer inflation accelerates to 6.7% as input costs rise

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April s annual producer inflation accelerated to 6.7%, in line with economists expectations.
Stats SA on Thursday released producer inflation data. On a month-on-month basis, producer inflation increased 0.7%.
According to Stats SA, the main contributors to annual inflation were food products, beverages and tobacco products, which increased 6.7%; products in the coke, petroleum, chemical, rubber and plastic category increased by 11.9%; and metals, machinery, equipment and computing equipment increased by 8%.
Investec economist Lara Hodes said that the low base effect from April 2020, at the height of Covid-19 lockdown restrictions, was reflected in the lift in this year s print.
The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) noted that producer inflation is on an increasing trend, having lifted from 3.5% in January. ....

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National budget adopts correct approach in Covid-19-induced tough economic times – SEIFSA

National budget adopts correct approach in Covid-19-induced tough economic times – SEIFSA
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