South Africa's consumer confidence index stood at -7 in the fourth quarter of 2019, remaining at the lowest level since the fourth quarter of 2017, as households have been experiencing tighter income squeeze amid slow wage growth, high tax rates, and soaring electricity prices. Consumer Confidence in South Africa averaged 1.42 points from 1982 until 2019, reaching an all time high of 26 points in the first quarter of 2018 and a record low of -33 points in the second quarter of 1985. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in South Africa to stand at -8.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 4.00 points in 2020, according to our econometric models.