The South Africa consumer confidence index decreased further to 2 in the first quarter of 2019 from 7 in the previous quarter. It is the lowest reading since Q4 2017 and far below the record high of 26 when the President Ramaphosa took office a year ago, as expectations of an economic recovery in the next twelve months faded. "The shock implementation of stage 4 load-shedding by Eskom during February and March no doubt had a very detrimental impact on the South African economy and it is therefore not surprising that consumers are becoming especially concerned about our economic prospects," FNB Chief Economist Mamello Matikinca-Ngwenya said. Other factors could have contributed including prolonged labour strikes, a fall in the rand exchange rate, sharp fuel price hikes and further increases in personal income taxes announced in the February national budget, Matikinca-Ngwenya added. Consumer Confidence in South Africa averaged 1.51 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 5.00 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.

South Africa Consumer Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-07-17 07:00 AM Consumer Confidence 22 26 20
2018-11-28 07:00 AM Consumer Confidence 7 22 17
2019-01-24 07:00 AM Consumer Confidence 7 7 15
2019-04-24 07:00 AM Consumer Confidence 2 7 -6
2019-07-17 07:00 AM Consumer Confidence 2 -5
2019-11-28 07:00 AM Consumer Confidence -10


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 2.00 7.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.50 1.60 4.60 -5.20 percent [+]
Retail Sales YoY 1.10 1.20 15.50 -6.30 percent [+]
Consumer Spending 1950359.00 1935067.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2978037.00 2965713.00 2978037.00 3393.00 ZAR Million [+]
Personal Savings -0.50 0.20 23.80 -2.70 percent [+]
Private Sector Credit 6.03 6.52 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.01 1.02 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.00 33.00 43.90 33.00 percent of GDP [+]
Households Debt To Income 71.90 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 7.00 26.00 -33.00 1982 - 2019 Index Points Quarterly




Country Last Previous
Argentina 34.80 Mar/19
Australia 100.70 Apr/19
Brazil 114.30 Dec/18
Canada 50.76 Apr/19
China 126.00 Feb/19
Euro Area -7.90 Apr/19
France 96.00 Mar/19
Germany 10.40 Apr/19
India 105.00 Jun/19
Indonesia 124.50 Mar/19
Italy 110.50 Apr/19
Japan 40.50 Mar/19
Mexico 116.30 Mar/19
Netherlands -3.00 Apr/19
Russia -16.00 Mar/19
Saudi Arabia 109.00 Dec/18
South Africa 2.00 Mar/19
South Korea 99.80 Mar/19
Spain 93.90 Mar/19
Switzerland -4.00 Mar/19
Turkey 63.50 Apr/19
United Kingdom -13.00 Mar/19
United States 96.90 Apr/19


Related

Latest