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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Thomson Reuters IPSOS PCSI climbed to 50.34 in August 2026
FMPMonthlyReleased September 2026
South Africa Thomson Reuters IPSOS PCSI climbed to 50.34 in August 2026, released September 2026, up 0.2 from July's 50.14 reading.
Latest Release
50.340000
Actual
—
Consensus
50.140000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.56 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.39 | COMMODITIES | Moves with | → View |
| USD/ZAR | ▼ Inverse | −0.26 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Thomson Reuters IPSOS PCSI (South Africa) was reported at 50.34 in September 2026. The reading rose from the previous value of 50.14. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 48.08, ranging from 45.41 to 50.34 across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 49.58, up from the prior three at 47.48. Volatility over the past year (σ 1.49) is lower than the prior year (σ 2.17).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Sep 23) and Inflation Rate YoY (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Thomson Reuters IPSOS PCSI - ZA
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About Thomson Reuters IPSOS PCSI — South Africa
DEFINITION
South Africa's Thomson Reuters IPSOS PCSI rose to 50.340000 in September from August's 50.140000, marking a slight expansion above the 50 threshold. The index improved from July's 48.25, indicating a steady recovery in consumer sentiment over the past two months. Market participants will watch upcoming economic data for further clarity on growth momentum. Updated 9/10/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 50.34. Prior reading (Aug 2026): 50.14. Before that (Jul 2026): 48.25.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.56) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ZA Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Expectations | 4.2 | 4.4 | 4.40 | Low | |
| 11:00 | ZA | Retail Sales MoM | -0.6 | 0.7 | 1.65 | Low | |
| 11:00 | ZA | Retail Sales YoY | 1.6 | -3 | -2.70 | Low | |