THE Trade Activity Index, which reflects current trade conditions, declined by nine index points to 47 in April.
The SA Chamber of Commerce and Industry said yesterday this was mainly due to four fewer working days in April than in March. "The TAI is nonetheless still 15 index points above the level of April 2009."
The Trade Expectations Index remained nearly unmoved at 63 in April this year, Sacci said.
All the sub-components of trade activity, with the exception of employment, were responsible for worsening trade conditions in April. The sub-index on sales volumes dropped by 15 index points in April from 63 in March while the employment sub-index improved by one index point to 52 in April.
The new orders index dipped by 14 points to 43 in April, while the supplier deliveries index declined by 10 points to 42 in April.
Sacci said the inventory index declined to 48 in April from 49 in March suggesting that stock was being maintained in anticipation of World Cup demand and the expected demand from the continuing economic recovery in the second half of 2010. - Sapa