The FNB/BER Consumer Confidence Index for South Africa plummeted to -19 in Q2 2026 from -7 in the previous period, marking the lowest since Q1 2025. The decline reflected weaker spending intentions as soaring fuel costs linked to the Middle East conflict strained household budgets, especially among middle- and high-income groups. All three sub-indices declined, with the economic outlook sub-index slipping to -32 points from -14, while the household finances index dropped to zero from 12. FNB Chief Economist Mamello Matikinca-Ngwenya also noted some impact from the recent rate hike by the South African Reserve Bank, which could further weigh on sentiment in coming months. source: Bureau for Economic Research (BER)

Consumer Confidence in South Africa decreased to -19 points in the second quarter of 2026 from -7 points in the first quarter of 2026. Consumer Confidence in South Africa averaged -2.51 points from 1982 until 2026, reaching an all time high of 26.00 points in the first quarter of 2018 and a record low of -36.00 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 June of 2026.

Consumer Confidence in South Africa decreased to -19 points in the second quarter of 2026 from -7 points in the first quarter of 2026. Consumer Confidence in South Africa is expected to be -16.00 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 -10.00 points in 2027 and -11.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-24 08:00 AM
Consumer Confidence
Q1 -7 -9 -11
2026-06-23 08:25 AM
Consumer Confidence
Q2 -19 -7 -16
2026-09-25 08:00 AM
Consumer Confidence
Q3 -19 -17


Related Last Previous Unit Reference
Prime Overdraft Rate 10.50 10.25 percent May 2026
Consumer Confidence -19.00 -7.00 points Jun 2026
Consumer Spending 3280358.00 3277648.94 ZAR Million Mar 2026
Disposable Personal Income 5095069.00 5026603.00 ZAR Million Dec 2025
Gasoline Prices 1.42 1.39 USD/Liter May 2026
Households Debt to GDP 33.50 33.60 percent of GDP Dec 2025
Households Debt to Income 61.90 62.70 percent Dec 2025
Personal Savings -1.40 -1.20 percent Dec 2025
Private Sector Credit YoY 9.20 8.50 percent Apr 2026
Retail Sales MoM 0.90 0.10 percent Apr 2026
Retail Sales YoY 1.30 2.50 percent Apr 2026


South Africa Consumer Confidence
In South Africa, the BER Consumer Confidence Index covers 2,500 households in metropolitan areas, cities, towns and villages. The survey is made from personal at-home interviews and assesses general economic outlook, household’s economic condition and major spending purposes. The index is computed as the difference between the share of respondents expecting an improvement from the percentage expecting a deterioration. The indicator varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence.
Actual Previous Highest Lowest Dates Unit Frequency
-19.00 -7.00 26.00 -36.00 1982 - 2026 points Quarterly

News Stream
South Africa Consumer Confidence Slips in Q2
The FNB/BER Consumer Confidence Index for South Africa plummeted to -19 in Q2 2026 from -7 in the previous period, marking the lowest since Q1 2025. The decline reflected weaker spending intentions as soaring fuel costs linked to the Middle East conflict strained household budgets, especially among middle- and high-income groups. All three sub-indices declined, with the economic outlook sub-index slipping to -32 points from -14, while the household finances index dropped to zero from 12. FNB Chief Economist Mamello Matikinca-Ngwenya also noted some impact from the recent rate hike by the South African Reserve Bank, which could further weigh on sentiment in coming months.
2026-06-23
South Africa Consumer Sentiment at Over 1-Year High
The FNB/BER Consumer Confidence Index for South Africa edged up to -7 in Q1 2026, the second consecutive quarterly increase, from -9 in the previous period. This was the highest reading since Q4 2024, supported by lower interest rates, soaring stock prices and a stronger currency. The survey, which was conducted before the Middle East conflict began in late February, showed improved confidence among high-income households. In contrast, lower-income groups grew more pessimistic due to weak employment growth in late 2025 and stricter social grant compliance rules. "Unfortunately, the ripple effects from the Iranian war may well see a U-turn in high- and middle-income confidence during the second quarter," said FNB Chief Economist Mamello Matikinca-Ngwenya.
2026-03-24
South Africa Consumer Sentiment Hits 1-Year High
The FNB/BER Consumer Confidence Index for South Africa rose to -9 in Q4 2025, marking a one-year high, up from -13 in the previous period, likely influenced by holiday-season spending. All three sub-indices, including the economic outlook, household financial outlook, and timing for durable goods purchases, improved, with the strongest gain in the latter, which reached a six-year high. “Apart from a further interest rate cut and an appreciation in the rand exchange rate, a number of other positive developments likely buoyed consumer sentiment towards the end of the year,” FNB chief economist Mamello Matikinca-Ngwenya said. Among these were lower petrol prices, slowing food inflation, and an increase in Q3 employment.
2025-12-09