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The BER takes the percentage of respondents that rates prevailing conditions as satisfactory as indicator or proxy of business confidence.
The Absa Purchasing Managers’ Index™ (PMI™) compiled by the Bureau for Economic Research (BER).
The index can vary between zero (indicating an extreme lack of confidence) and 100 (indicating extreme confidence).
The FNB/BER Civil Confidence Index reflects the state of business conditions in the civil engineering industry.
After recovering from -13 to -9 index points in the fourth quarter of 2025, the FNB/BER Consumer Confidence Index (CCI) extended its gains to reach -7 in the first quarter of 2026. Buoyant high-income sentiment underpinned this improvement, though geopolitical risks from the Iran conflict loom.
Read MoreA rise in consumer confidence suggests retail tills will jingle loudly this festive season, as the FNB/BER Consumer Confidence Index (CCI) rebounded to -9 index points in the fourth quarter, after falling from -10 to -13 in the third quarter of 2025.
Read MoreThe FNB/BER Consumer Confidence Index (CCI) slipped from -10 to -13 in the third quarter of 2025, moving further below the relatively positive levels observed during the second half of 2024.
After plunging from -6 to -20 index points during the first quarter of 2025, the FNB/BER Consumer Confidence Index (CCI) recovered some lost ground, rebounding to -10 in the second quarter.
The FNB/BER Consumer Confidence Index (CCI) plunged from -6 to -20 index points during the first quarter of 2025 as tax shock rocks consumer sentiment.
Having soared from -15 index points in the first quarter of 2024 to a 5-year high of -5 in the third quarter, the FNB/BER Consumer Confidence Index (CCI) edged one point lower to -6 during the fourth quarter. Nonetheless, festive season retail sales are still likely to be jolly.
Read MoreThe FNB/BER Consumer Confidence Index (CCI) jumped from -10 to -5 index points during the third quarter of 2024, recording its second consecutive 5-point increase. Although the latest reading remains somewhat below the long-term average of the CCI (at zero since 1994), the reading of -5 is the highest that confidence has been since the first half of 2019.
Read MoreThe FNB/BER Consumer Confidence Index (CCI) increased to -12 in the second quarter of 2024, after improving from -17 to -15 index points in the first quarter of 2024. Although consumer sentiment remained decidedly negative in 2024Q2, the latest consumer confidence reading is the highest in 18 months and points to a gradual improvement in consumer spending compared to the weak performance recorded over the last year.
Read MoreThe FNB/BER Consumer Confidence Index (CCI) increased to -12 in the second quarter of 2024, after improving from -17 to -15 index points in the first quarter of 2024. Although consumer sentiment remained decidedly negative in 2024Q2, the latest consumer confidence reading is the highest in 18 months and points to a gradual improvement in consumer spending compared to the weak performance recorded over the last year.
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