The FNB/BER Consumer Confidence Index for South Africa rose slightly to -10 in the third quarter of 2021 from -13 in the previous period, as the faster rollout of Covid-19 vaccines along with government support for its employees helped to counter the impact of the civil unrest during July. Notably, there was a sharp demand for big-ticket purchases such as cars and electronic appliances. source: Bureau for Economic Research (BER)

Consumer Confidence in South Africa averaged -1.10 points from 1982 until 2021, reaching an all time high of 26 points in the first quarter of 2018 and a record low of -36 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 2021.

Consumer Confidence in South Africa is expected to be -15.00 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 8.00 points in 2022 and 10.00 points in 2023, according to our econometric models.

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South Africa Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-10.00 -13.00 26.00 -36.00 1982 - 2021 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-14 08:00 AM Q4 -12 -23 -16
2021-03-16 08:00 AM Q1 -9 -12 -18
2021-06-28 08:00 AM Q2 -13 -9 -12
2021-09-06 08:00 AM Q3 -10 -13 -15


News Stream
South Africa Consumer Confidence Improves Slightly
The FNB/BER Consumer Confidence Index for South Africa rose slightly to -10 in the third quarter of 2021 from -13 in the previous period, as the faster rollout of Covid-19 vaccines along with government support for its employees helped to counter the impact of the civil unrest during July. Notably, there was a sharp demand for big-ticket purchases such as cars and electronic appliances.
2021-09-06
South Africa Consumer Confidence Falls in Q2
The FNB/BER Consumer Confidence Index for South Africa decreased to -13 in the second quarter of 2021 from -9 in the previous period, as consumers held back on big-ticket purchases amid signs that the country's economic recovery is failing to accelerate. "A string of negative developments in all likelihood knocked the confidence levels of less affluent consumers, including soaring food and fuel prices, the onset of a third wave of COVID-19 infections and the feeble recovery in low-skilled employment," FNB Chief Economist Mamello Matikinca-Ngwenya said.
2021-06-28
South Africa Consumer Confidence at 1-Year High
The FNB/BER Consumer Confidence Index for South Africa edged up to -9 in the first quarter of 2021 from -12 in the last three months of 2020, bringing confidence to levels not seen in a year, before the country entered its first strict coronavirus nationwide lockdown. Although it is heartening that the CCI has now recovered most of its COVID-19-induced losses, consumer confidence in general remains depressed. The -9 reading is still well below the average of +2 since 1994.
2021-03-16
South Africa Consumer Confidence Recovers Further in Q4
Consumer confidence in South Africa rose to -12 in the fourth quarter of 2020 from -23 in the previous period, amid the further relaxation of coronavirus restrictions which allowed more businesses to reopen and more people to get back to work. Despite the improvement, it was the lowest reading for a Q4 quarter since 2015 and it was below the average of 2 since 1994. "The time-to-buy durable goods index recovered further in the fourth quarter, but the vast majority of consumers across all income groups still consider the present time as highly inappropriate to purchases big-ticket items", FNB Chief Economist Mamello Matikinca-Ngwenya said. Confidence rose the most among low-income households, which benefited from extended social-relief programs from the government.
2020-12-14

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.