FNB/BER Consumer Confidence Index
FNB/BER Consumer Confidence Index (History Data), 2018
Last updated: Jan 24 2019 9:58AM
After falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked
read moreAfter falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked at the height of Ramaphoria. Nevertheless, the latest reading is still above the long-run average reading for the CCI, suggesting that most consumers are fairly optimistic with respect to the outlook for the SA economy and their own household finances. However, order for a more enduring and significant improvement in consumer spending to take hold, household income and credit growth will also need to accelerate.
FNB/BER Consumer Confidence Index, 2018Q4 (Download sample)
Last updated: Jan 24 2019 9:59AM
After falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked
read moreAfter falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked at the height of Ramaphoria. Nevertheless, the latest reading is still above the long-run average reading for the CCI, suggesting that most consumers are fairly optimistic with respect to the outlook for the SA economy and their own household finances. However, order for a more enduring and significant improvement in consumer spending to take hold, household income and credit growth will also need to accelerate.
FNB/BER consumer confidence indices, 2018Q4 (demographic and provincial breakdown, pdf)
Last updated: Jan 24 2019 10:00AM
After falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked
read moreAfter falling sharply in the third quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) held steady during 2018Q4. Consumer sentiment settled at a much lower level during the second half of 2018 compared to the extraordinarily positive numbers booked at the height of Ramaphoria. Nevertheless, the latest reading is still above the long-run average reading for the CCI, suggesting that most consumers are fairly optimistic with respect to the outlook for the SA economy and their own household finances. However, order for a more enduring and significant improvement in consumer spending to take hold, household income and credit growth will also need to accelerate.
FNB/BER Consumer Confidence Index, 2018Q3 (Download sample)
Last updated: Nov 28 2018 9:48AM
Consumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in
read moreConsumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in confidence levels of low-income consumers was particularly severe. A confluence of adverse economic developments in all likelihood deflated the confidence levels of consumers in recent months. Despite the negative correction in consumer sentiment during the third quarter, the latest CCI reading still reflects an above-average level of optimism.
FNB/BER Consumer Confidence Index (Text Only), 2018Q3 (Download sample)
Last updated: Nov 28 2018 9:49AM
Consumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in
read moreConsumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in confidence levels of low-income consumers was particularly severe. A confluence of adverse economic developments in all likelihood deflated the confidence levels of consumers in recent months. Despite the negative correction in consumer sentiment during the third quarter, the latest CCI reading still reflects an above-average level of optimism.
FNB/BER consumer confidence indices, 2018Q3 (demographic and provincial breakdown, pdf)
Last updated: Nov 28 2018 9:50AM
Consumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in
read moreConsumer confidence levels deteriorated substantially during 2018Q3, with the FNB/BER Consumer Confidence Index (CCI) falling from +22 in the second quarter to +7 in the third quarter. Consumer sentiment deteriorated across all income groups, but the drop in confidence levels of low-income consumers was particularly severe. A confluence of adverse economic developments in all likelihood deflated the confidence levels of consumers in recent months. Despite the negative correction in consumer sentiment during the third quarter, the latest CCI reading still reflects an above-average level of optimism.
FNB/BER consumer confidence indices, 2018Q2 (demographic and provincial breakdown, pdf)
Last updated: Jul 17 2018 10:00AM
After skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are
read moreAfter skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are somewhat surprised that consumer confidence levels remained so high following the unparalleled surge in consumer sentiment during the first quarter of 2018. Furthermore, there were several adverse developments in recent months that had the potential to deflate consumer confidence. Although the elevated consumer confidence level suggests that consumers remain most willing to spend their money, this does not necessarily imply that actual consumer spending remained robust during the second quarter. Household income levels and/or access to credit would have had to improve in conjunction with the positive sentiment to see strong household expenditure growth during the second quarter. Although the seeds of an economic recovery were planted with President Ramaphosa's "new dawn" and pledge to eradicate the scourge of corruption, further investor-friendly reforms are urgently needed to boost economic growth and household income levels to avoid bitter disappointment.
FNB/BER Consumer Confidence Index, 2018Q2 (Download sample)
Last updated: Jul 17 2018 7:44AM
After skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are
read moreAfter skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are somewhat surprised that consumer confidence levels remained so high following the unparalleled surge in consumer sentiment during the first quarter of 2018. Furthermore, there were several adverse developments in recent months that had the potential to deflate consumer confidence. Although the elevated consumer confidence level suggests that consumers remain most willing to spend their money, this does not necessarily imply that actual consumer spending remained robust during the second quarter. Household income levels and/or access to credit would have had to improve in conjunction with the positive sentiment to see strong household expenditure growth during the second quarter. Although the seeds of an economic recovery were planted with President Ramaphosa's "new dawn" and pledge to eradicate the scourge of corruption, further investor-friendly reforms are urgently needed to boost economic growth and household income levels to avoid bitter disappointment.
FNB/BER Consumer Confidence Index (Text Only), 2018Q2 (Download sample)
Last updated: Jul 17 2018 7:45AM
After skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are
read moreAfter skyrocketing to an all-time high during the first quarter of 2018, the FNB/BER Consumer Confidence Index (CCI) dipped marginally in the second quarter. Since negative corrections have typically followed large spikes in the CCI in the past, we are somewhat surprised that consumer confidence levels remained so high following the unparalleled surge in consumer sentiment during the first quarter of 2018. Furthermore, there were several adverse developments in recent months that had the potential to deflate consumer confidence. Although the elevated consumer confidence level suggests that consumers remain most willing to spend their money, this does not necessarily imply that actual consumer spending remained robust during the second quarter. Household income levels and/or access to credit would have had to improve in conjunction with the positive sentiment to see strong household expenditure growth during the second quarter. Although the seeds of an economic recovery were planted with President Ramaphosa's "new dawn" and pledge to eradicate the scourge of corruption, further investor-friendly reforms are urgently needed to boost economic growth and household income levels to avoid bitter disappointment.
FNB/BER consumer confidence indices, 2018Q1 (demographic and provincial breakdown, pdf)
Last updated: Apr 25 2018 12:17PM
After hovering around below zero for most of 2017, the FNB/BER Consumer Confidence Index (CCI) skyrocketed to an all-time high in the first quarter of 2018. The jump in the first quarter of 2018 breaks the trend of below-zero readings on the CCI and indicates
read moreAfter hovering around below zero for most of 2017, the FNB/BER Consumer Confidence Index (CCI) skyrocketed to an all-time high in the first quarter of 2018. The jump in the first quarter of 2018 breaks the trend of below-zero readings on the CCI and indicates that most consumers are now optimistic about the outlook for the South African economy and their household finances.