The South Africa consumer confidence index dropped sharply to 7 in the third quarter of 2018 from 22 in the previous period. It is the weakest reading in consumer morale since the fourth quarter 2017 when the index was at -8, as confidence deteriorated across all income groups driven by adverse economic developments including a recession in the first half of the year, increasing unemployment, a rise in personal income taxes and VAT, currency depreciation and higher fuel prices. Consumer Confidence in South Africa averaged 1.46 Index Points from 1982 until 2018, 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 15.00 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 18.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 16.00 Index Points in 2020, according to our econometric models.

South Africa Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-31 09:20 AM Consumer Confidence -8 -9 -16
2018-04-25 08:00 AM Consumer Confidence 26 -8 18
2018-07-17 07:00 AM Consumer Confidence 22 26 20
2018-11-28 07:00 AM Consumer Confidence 7 22 17
2019-01-31 09:20 AM Consumer Confidence 15
2019-04-25 08:00 AM Consumer Confidence 16
2019-07-17 07:00 AM Consumer Confidence 18


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 22.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 0.60 -0.70 4.70 -5.10 percent [+]
Retail Sales YoY 2.20 0.60 15.50 -6.30 percent [+]
Consumer Spending 1935614.00 1928113.00 1935614.00 260612.00 ZAR Million [+]
Disposable Personal Income 2911510.00 2868646.00 2911510.00 3393.00 ZAR Million [+]
Personal Savings 0.40 -0.20 23.80 -2.70 percent [+]
Private Sector Credit 5.82 6.27 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.22 1.17 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.10 33.10 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 74.40 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 22.00 26.00 -33.00 1982 - 2018 Index Points Quarterly




Country Last Previous
Argentina 32.10 Nov/18
Australia 104.40 Dec/18
Brazil 113.60 Nov/18
Canada 57.05 Nov/18
China 119.10 Oct/18
Euro Area -3.90 Nov/18
France 92.00 Nov/18
Germany 10.40 Dec/18
India 94.00 Dec/18
Indonesia 122.70 Nov/18
Italy 114.80 Nov/18
Japan 42.90 Nov/18
Mexico 99.55 Nov/18
Netherlands 13.00 Nov/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 7.00 Sep/18
South Korea 96.00 Nov/18
Spain 91.40 Nov/18
Switzerland -6.00 Dec/18
Turkey 59.60 Nov/18
United Kingdom -13.00 Nov/18
United States 97.50 Dec/18


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