The FNB/BER Consumer Confidence Index for South Africa came in at -10 in Q2 2025, rebounding from a near two-year low of -20 in the previous three-month period. While the index is still well below the historical average of -1, the latest reading suggests a modest easing in consumer pessimism. All three sub-indices of the CCI recovered some lost ground during Q2, with the economic outlook sub-index rebounding from -32 to -18, supported by the cancellation of planned tax hikes and the resolution of the coalition’s budget impasse. The household finances sub-index improved from -1 to 9, while the sub-index measuring the appropriateness of the present time to buy durable goods rebounded from -28 to -21. source: Bureau for Economic Research (BER)

Consumer Confidence in South Africa increased to -10 points in the second quarter of 2025 from -20 points in the first quarter of 2025. Consumer Confidence in South Africa averaged -2.29 points from 1982 until 2025, 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 September of 2025.

Consumer Confidence in South Africa increased to -10 points in the second quarter of 2025 from -20 points in the first quarter of 2025. Consumer Confidence in South Africa is expected to be -7.00 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 -5.00 points in 2026 and -6.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-25 08:00 AM
Consumer Confidence
Q1 -20 -6 -8
2025-06-26 08:00 AM
Consumer Confidence
Q2 -10 -20 -10
2025-09-25 08:00 AM
Consumer Confidence
Q3 -10 -7


Related Last Previous Unit Reference
Prime Overdraft Rate 10.50 10.75 percent Jul 2025
Consumer Confidence -10.00 -20.00 points Jun 2025
Consumer Spending 3168536.00 3154427.00 ZAR Million Mar 2025
Disposable Personal Income 4830390.00 4792181.00 ZAR Million Mar 2025
Gasoline Prices 1.22 1.22 USD/Liter Aug 2025
Households Debt to GDP 33.70 33.90 percent of GDP Dec 2024
Households Debt to Income 62.50 62.40 percent Dec 2024
Personal Savings -1.20 -1.10 percent Mar 2025
Private Sector Credit YoY 5.84 4.98 percent Jul 2025
Retail Sales MoM 0.00 0.10 percent Jun 2025
Retail Sales YoY 1.60 4.30 percent Jun 2025

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
-10.00 -20.00 26.00 -36.00 1982 - 2025 points Quarterly

News Stream
South African Consumers Less Pessimistic in Q2
The FNB/BER Consumer Confidence Index for South Africa came in at -10 in Q2 2025, rebounding from a near two-year low of -20 in the previous three-month period. While the index is still well below the historical average of -1, the latest reading suggests a modest easing in consumer pessimism. All three sub-indices of the CCI recovered some lost ground during Q2, with the economic outlook sub-index rebounding from -32 to -18, supported by the cancellation of planned tax hikes and the resolution of the coalition’s budget impasse. The household finances sub-index improved from -1 to 9, while the sub-index measuring the appropriateness of the present time to buy durable goods rebounded from -28 to -21.
2025-06-26
South Africa Consumer Confidence Tumbles in Q1
The FNB/BER Consumer Confidence Index for South Africa plunged to -20 in the first quarter of 2025, the lowest point since Q2 2023, down from -6 in the previous period. This marked the second consecutive quarter of declining sentiment, as consumers were shaken by the recent budget proposal to increase the VAT tax rate. The worsening diplomatic relations between South Africa and the US, and the negative consequences of the trade war started by President Trump also weighed on sentiment. All the sub-indices declined notably during the first quarter, with the economic outlook sub-index dropping to -32 points from -9 points. The household finances sub-index also slumped from 11 to -1. The sub-index measuring the appropriateness of the present time to buy durable goods declined from -21 to -28.
2025-03-25
South Africa Consumer Confidence Edges Down
The FNB/BER Consumer Confidence Index for South Africa edged down to -6 in the last quarter of 2024 from -5 in the third quarter which was the highest since the first half of 2019. Despite the decrease in consumer morale, festive season retail sales are still likely to be jolly. "A string of favorable developments has seen consumer confidence riding much higher since the second quarter of 2024, including the formation of a government of national unity, the termination of load-shedding, a substantial deceleration in inflation, two interest rate cuts and the implementation of the two-pot retirement system", said FNB Chief Economist Mamello Matikinca-Ngwenya.
2024-12-04