Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010
Contact numbers
T: +27 11 282 1808 F: +27 11 282 8088
The FNB House Price Index growth averaged 0.8% y/y in December, marginally higher than the 0.7% in November (revised from 0.5%), and a low of 0.5% in October.
On Tuesday, Stats SA will release GDP data for 2Q25. This release comes at a time when growth expectations for 2025 have been revised down to around 1.0%, from nearly 2.0% at the beginning of the year. The 1Q25 outcome confirmed the economy's weak growth path, posting just 0.1% q/q (seasonally adjusted), supported mainly by a rebound in agriculture. Excluding agriculture, GDP would have contracted by 0.3% q/q and slowed to 0.3% y/y (not seasonally adjusted). Below we unpack the likely outcome for 2Q25.
After troughing at 2.1% y/y in May 2020, due to a lockdown-driven fall in demand and statistical imputations, headline inflation accelerated to 5.2% y/y in May of 2021. CPI weights are typically updated at least every five years, in line with international standards. New weights will be introduced with the January 2022 data and the base year will change to December 2020.
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Physical address
4 Merchant Place Corner Fredman Drive and Rivonia Road Sandton 2196
Postal address
PO Box 650149 Benmore 2010
Contact numbers
T: +27 11 282 1808 F: +27 11 282 8088