Retail confidence in quarter three improved to 32%, up from 20% in the second quarter. We could see a further improvement in quarter four if food price increases moderate and the SARB maintains its pause in rate hikes. However, load-shedding may continue to dampen consumer spending in the sector.
Read MoreThe BER’s quarterly Retail Trade survey shows that retailer confidence dropped to 20% during 2023Q2, down from 34% in Q1. The substantial decline in retailer confidence can be ascribed to a marked deterioration in profitability due to load-shedding, persistently high food inflation and rising interest rates.
Read MoreThe BER’s trade survey for the first quarter of 2023 suggests a sector under pressure and facing weak consumer demand. Retail confidence slipped from 42% to 34%. This is the weakest level since 2020Q2, when activity was severely constrained by the COVID-19 pandemic.
Read MoreThe BER’s trade survey for the first quarter of 2023 suggests a sector under pressure and facing weak consumer demand. Retail confidence slipped from 42% to 34%. This is the weakest level since 2020Q2, when activity was severely constrained by the COVID-19 pandemic.
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