Consumer confidence in South Africa rose to -23 in the third quarter of 2020 after hitting a 35-year low of -33 in the prior period, amid the gradual lifting of lockdown restrictions and the resumption of economic activity which allowed most of the businesses to reopen. Main improvements were seen in the financial outlook of households and the purchases of durable goods. Still, the subindex gauging the economic outlook deteriorated to an almost four-year low. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa averaged -0.84 points from 1982 until 2020, 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 October of 2020.
Consumer Confidence in South Africa is expected to be -23.00 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 2.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 7.00 points in 2021 and 8.00 points in 2022, according to our econometric models.