SA consumer confidence dips to weakest level since 2017 | Fin24
 
Loading...

SA consumer confidence dips to weakest level since 2017

Apr 24 2019 09:21
Gordon Bell, Bloomberg

South African consumer confidence declined to its lowest level in more than a year in the first quarter as expectations of an economic recovery dimmed.

The consumer-confidence index was at 2 in the first three months of this year, dropping from 7 in the previous quarter, FirstRand’s First National Bank retail-lending unit said in an emailed statement on Wednesday. While a net majority of consumers remain positive, the gauge is at its lowest level since the final three months of 2017 and well off the record high of 26 when Cyril Ramaphosa took over as president a year ago.

“For the first time in just more than a year, consumers do not expect South Africa’s economic prospects to improve over the next 12 months,” it said.

fnb  |  consumer confidence
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

FaceApp has been at the centre of a debate on data security. What is your view?

Previous results · Suggest a vote

Loading...