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.

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South Africa Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -7.00 26.00 -33.00 1982 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 07:10 AM Q2 5 2 -5
2019-11-05 08:05 AM Q3 -7 5 3
2020-01-14 08:00 AM Q4 -7 -7 -10
2020-03-16 09:10 AM Q1 -9 -7 -6
2020-06-05 10:00 AM Q2 -9 -15
2020-11-05 08:05 AM Q3 -18
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Consumer Confidence at 2-1/2-Year Low
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.
2020-03-16
South Africa Consumer Morale at 2-Year Low
South Africa's consumer confidence index stood at -7 in the fourth quarter of 2019, remaining at the lowest level since the fourth quarter of 2017, as households have been experiencing tighter income squeeze amid slow wage growth, high tax rates, and soaring electricity prices.
2020-01-14
South Africa Consumer Confidence at 2-Year Low
The FNB/BER Consumer Confidence Index for South Africa fell to -7 in the third quarter of 2019 from 5 in the previous three months. It is the lowest reading since the last quarter of 2017, signalling a further deterioration in consumers' willingness to spend as household budgets are increasingly being strained by rising unemployment, slow wage growth, high tax rates, and soaring electricity prices.
2019-11-05

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.