FNB/BER Consumer Confidence Index
FNB/BER Consumer Confidence Index (History Data), 2019
Last updated: Jan 14 2020 9:49AM
The FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election
read moreThe FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election have now been completely reversed and South Africa's grim economic reality has become apparent to consumers. (The fieldwork for the fourth quarter CCI was completed before the implementation of stage 6 load shedding in December.)
FNB/BER Consumer Confidence Index, 2019Q4 (Download sample)
Last updated: Jan 17 2020 12:52PM
The FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election
read moreThe FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election have now been completely reversed and South Africa's grim economic reality has become apparent to consumers. (The fieldwork for the fourth quarter CCI was completed before the implementation of stage 6 load shedding in December.)
FNB/BER consumer confidence indices, 2019Q4 (pdf)
Last updated: Jan 14 2020 9:54AM
The FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election
read moreThe FNB/BER Consumer Confidence Index (CCI) stayed unchanged during the fourth quarter of 2019. At -7 index points, consumer confidence remained at its lowest level since the fourth quarter of 2017 (-8). The confidence gains since Mr. Ramaphosa's election have now been completely reversed and South Africa's grim economic reality has become apparent to consumers. (The fieldwork for the fourth quarter CCI was completed before the implementation of stage 6 load shedding in December.)
FNB/BER Consumer Confidence Index, 2019Q3 (Download sample)
Last updated: Nov 5 2019 9:08AM
After holding firm amid a year of very weak economic growth and rising unemployment rates, consumer sentiment finally slumped deep into negative territory during 2019Q3. The latest reading of -7 index points is the lowest since the fourth quarter of 2017.
read moreAfter holding firm amid a year of very weak economic growth and rising unemployment rates, consumer sentiment finally slumped deep into negative territory during 2019Q3. The latest reading of -7 index points is the lowest since the fourth quarter of 2017. Household budgets are increasingly being strained by rising unemployment, slow wage growth, high tax rates, and soaring electricity prices. The decline in consumer confidence during 2019Q3 signals a further deterioration in consumers' willingness to spend.
FNB/BER consumer confidence indices, 2019Q3 (pdf)
Last updated: Nov 5 2019 9:09AM
After holding firm amid a year of very weak economic growth and rising unemployment rates, consumer sentiment finally slumped deep into negative territory during 2019Q3. The latest reading of -7 index points is the lowest since the fourth quarter of 2017.
read moreAfter holding firm amid a year of very weak economic growth and rising unemployment rates, consumer sentiment finally slumped deep into negative territory during 2019Q3. The latest reading of -7 index points is the lowest since the fourth quarter of 2017. Household budgets are increasingly being strained by rising unemployment, slow wage growth, high tax rates, and soaring electricity prices. The decline in consumer confidence during 2019Q3 signals a further deterioration in consumers' willingness to spend.
FNB/BER consumer confidence indices, 2019Q2 (Download sample)
Last updated: May 29 2019 9:45AM
After wilting during the first quarter of 2019, the FNB/BER Consumer Confidence Index (CCI) recovered slightly during 2019Q2. Following the shock implementation of stage 4 load shedding by Eskom during the first quarter, significantly fewer blackouts during
read moreAfter wilting during the first quarter of 2019, the FNB/BER Consumer Confidence Index (CCI) recovered slightly during 2019Q2. Following the shock implementation of stage 4 load shedding by Eskom during the first quarter, significantly fewer blackouts during the second quarter probably heartened some consumers. More importantly, the opportunity to vote in South Africa’s 6th democratic election since the end of apartheid most likely buoyed consumers’ hopes for the future. However, household budgets remain constrained by higher personal income taxes, sharp fuel and electricity price hikes and rising unemployment rates. All in all, we expect a further deterioration in real consumer spending growth during 2019.
FNB/BER consumer confidence indices, 2019Q2 (pdf)
Last updated: May 29 2019 9:46AM
After wilting during the first quarter of 2019, the FNB/BER Consumer Confidence Index (CCI) recovered slightly during 2019Q2. Following the shock implementation of stage 4 load shedding by Eskom during the first quarter, significantly fewer blackouts during
read moreAfter wilting during the first quarter of 2019, the FNB/BER Consumer Confidence Index (CCI) recovered slightly during 2019Q2. Following the shock implementation of stage 4 load shedding by Eskom during the first quarter, significantly fewer blackouts during the second quarter probably heartened some consumers. More importantly, the opportunity to vote in South Africa’s 6th democratic election since the end of apartheid most likely buoyed consumers’ hopes for the future. However, household budgets remain constrained by higher personal income taxes, sharp fuel and electricity price hikes and rising unemployment rates. All in all, we expect a further deterioration in real consumer spending growth during 2019.
FNB/BER Consumer Confidence Index, 2019Q1 (Download sample)
Last updated: Apr 24 2019 9:52AM
After holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER
read moreAfter holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER business confidence index and points to dismal growth in consumer spending in the first half of 2019. Although the national election in May could see a transitory uptick in consumer sentiment, real after-tax household income will likely remain under pressure throughout 2019.
FNB/BER consumer confidence indices, 2019Q1 (pdf)
Last updated: Apr 24 2019 9:53AM
After holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER
read moreAfter holding steady between the third and fourth quarters of 2018, the FNB/BER Consumer Confidence Index (CCI) renewed its downward trajectory during 2019Q1. The deterioration in consumer sentiment during the first quarter mirrors the drop in the RMB/BER business confidence index and points to dismal growth in consumer spending in the first half of 2019. Although the national election in May could see a transitory uptick in consumer sentiment, real after-tax household income will likely remain under pressure throughout 2019.
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.