The FNB/BER Consumer Confidence Index for South Africa edged up to -9 in the first quarter of 2021 from -12 in the last three months of 2020, bringing confidence to levels not seen in a year, before the country entered its first strict coronavirus nationwide lockdown. Although it is heartening that the CCI has now recovered most of its COVID-19-induced losses, consumer confidence in general remains depressed. The -9 reading is still well below the average of +2 since 1994. source: Bureau for Economic Research (BER)
Consumer Confidence in South Africa averaged -0.97 points from 1982 until 2021, 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 May of 2021.
Consumer Confidence in South Africa is expected to be -9.00 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 -3.00 in 12 months time. In the long-term, the South Africa Consumer Confidence is projected to trend around 8.00 points in 2022 and 10.00 points in 2023, according to our econometric models.