The FNB/BER Consumer Confidence Index for South Africa decreased to -13 in the second quarter of 2021 from -9 in the previous period, as consumers held back on big-ticket purchases amid signs that the country's economic recovery is failing to accelerate. "A string of negative developments in all likelihood knocked the confidence levels of less affluent consumers, including soaring food and fuel prices, the onset of a third wave of COVID-19 infections and the feeble recovery in low-skilled employment," FNB Chief Economist Mamello Matikinca-Ngwenya said. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa averaged -1.04 points from 1982 until 2021, 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 July of 2021.
Consumer Confidence in South Africa is expected to be -12.00 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 2.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 8.00 points in 2022 and 10.00 points in 2023, according to our econometric models.