FNB/BER Consumer Confidence Index
FNB/BER Consumer Confidence Index (History Data), 2019
Last updated: May 29 2019 9:43AM
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 (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.
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 (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, 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.