The South Africa consumer confidence index rose to 5 in the second quarter of 2019 from 2 in the previous quarter, boosted by recent elections and the stabilisation of the country's power supply which likely offset substantial increases in fuels as well as growing unemployment. Still, "household budgets were expected to remain constrained by higher personal income taxes, sharp fuel and electricity price hikes and rising unemployment rates", FNB Chief Economist Mamello Matikinca-Ngwenya said. Consumer Confidence in South Africa averaged 1.53 Index Points from 1982 until 2019, reaching an all time high of 26 Index Points in the first quarter of 2018 and a record low of -33 Index Points in the second quarter of 1985.
Consumer Confidence in South Africa is expected to be -5.00 Index 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 3.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 10.00 Index Points in 2020, according to our econometric models.