South Africa Consumer Spending - Forecast

Consumer Spending in South Africa is expected to be 1924433.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in South Africa to stand at 1938521.00 in 12 months time. In the long-term, the South Africa Consumer Spending is projected to trend around 2034918.00 ZAR Million in 2020, according to our econometric models.


Forecast Data Chart
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South Africa Consumer Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 38 17 15 16 18 16
Retail Sales MoM 1.3 0.1 0.5 0.5 0.4 0.7
Retail Sales YoY 1.3 1.7 1.9 1.6 1.7 2.2
Consumer Spending 1926959 1917741 1948167 1956710 1952009 2024886
Disposable Personal Income 2868646 2965725 2800000 3035351 3075238 3140000
Personal Savings -0.2 0.03 -1.2 0 -0.02 0.2
Private Sector Credit 5.41 7.9 5.89 5.63 5.62 3.11
Bank Lending Rate 10 10 10 10 9.83 8.5
Gasoline Prices 1.13 1.15 1.09 1.03 0.97 0.77
Households Debt To Gdp 33.1 32.31 37 31.78 31.52 36
Households Debt To Income 71.9 71.14 78 70.84 70.59 77
Consumer Confidence Economic Expectations -22.2 -7.67 -6.67 -5.84 -5.12 -1.81
Consumer Confidence Financial Expectations 6.4 3.49 6.26 4.05 5.74 4.96
Consumer Confidence Major Purchases Expectations -11.8 -13.49 -14 -13.43 -13.98 -13.71