The FNB/BER Consumer Confidence Index for South Africa rose by 5 points to -20 in the third quarter of 2022 from -25 in the previous period but well below the long-term average of +2. Consumer sentiment remains "extremely depressed", due to the impact of rising interest rates to combat higher inflation on consumer spending. "The confidence levels of high and middle-income households remained low, while levels among the low-income households rebounded well", said FNB Chief Economist Mamello Matikinca-Ngwenya. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa averaged -1.49 points from 1982 until 2022, reaching an all time high of 26 points in the first quarter of 2018 and a record low of -36 points in the second quarter of 1985. This page provides the latest reported value for - South Africa Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Consumer Confidence in South Africa is expected to be -20.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Consumer Confidence is projected to trend around 3.00 points in 2023 and 6.00 points in 2024, according to our econometric models.