Consumer Confidence in South Africa decreased to -9 in the first quarter of 2020 from -7 in the previous period. This was the lowest reading since the second quarter of 2017, amid growing concerns over the impact of the coronavirus epidemic on the already struggling domestic economy. In particular, the time-to-buy sub-index plunged to a 33-year low, signalling that households will delay the purchase of durable goods.
Consumer Confidence in South Africa averaged 1.35 points from 1982 until 2020, reaching an all time high of 26 points in the first quarter of 2018 and a record low of -33 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 June of 2020. source: Bureau for Economic Research (BER)
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. Looking forward, we estimate Consumer Confidence in South Africa to stand at -13.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 4.00 points in 2021 and 8.00 points in 2022, according to our econometric models.