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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech.]

FNB has published its latest Consumer Confidence Index (CCI) showing that consumer confidence remains trapped at a two-year low, with the country’s economic prospects expected to worsen before they get better.

The FNB/BER CCI combines the results of three questions posed to adults in South Africa: namely the expected performance of the economy, the expected financial position of households and the rating of the appropriateness of the present time to buy durable goods, such as furniture, appliances and electronic equipment.

Consumer confidence is expressed as a net balance. The net balance is derived as the percentage of respondents expecting an improvement/good time to buy durable goods less the percentage expecting a deterioration/bad time to buy durable goods.

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South Africa at a Glance
59 620 000 (mid 2020 estimate)
3.2% y/y in July 2020 (CPI) & +1.9 y/y in July 2020 (PPI)
-51% q/q (2nd quarter of 2020)
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