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Confidence gains in the wake of President Cyril Ramaphosa's election in early 2018 have now been "completely reversed," says FNB.
South African consumer confidence declined to its lowest level in more than a year in the first quarter as expectations of an economic recovery dimmed.
Should economic growth fail to improve in line with consumers’ lofty expectations, frustrations will likely grow and dissatisfaction may set in, the latest FNB/BER consumer confidence index shows.
Consumer confidence for the fourth quarter of 2017 remained negative, registering below the zero mark for the third consecutive year.
Taste Holdings, which owns Starbucks and Domino’s Pizza, reported a loss of R65m in its interim financial results, mainly driven by a sales drop across almost all categories.
The latest retail sales data was above market expectations.
Policy direction and certainty are key to restoring confidence in the SA economy, says an analyst.
Domestic developments are offsetting the benefits of an improving global economy and with continued uncertainty, South Africa is creating a self-perpetuating cycle of low growth, say analysts.
UK shoppers are reining in their spending in response to faster inflation and it’s starting to take a toll on the public purse.
Given the challenging economic environment, consumers are opting to buy essentials over luxuries and other durable goods, says an analyst.
Consumer confidence levels recovered slightly during the second quarter of 2019 as a result of improving sentiments ahead of the national elections.
Consumer confidence levels have deteriorated substantially during the third quarter of 2018, according to the latest FNB/BER Consumer Confidence Index.
Muted inflation and easier financial conditions make the present a more appropriate time for consumers to buy items like cars, furniture and recreational equipment.
US consumer confidence has declined in December from a 17-year high as Americans became less upbeat about the outlook for the economy and job prospects.
South Africa is missing out on the benefits of a global economic recovery because of political and policy uncertainty, says economist Johann Els of Old Mutual.
Consumer confidence among high-income earners in SA has taken a large unfavourable swing, says an economist at Momentum Investments.
The latest FNB/BER consumer confidence index shows little improvement and is expected to remain low for the remainder of the year, says an analyst.
The trade surplus of R5.08bn for April is down from R11.28bn reported in March due to a contraction in exports by more than 9%.
Consumer spending forms the largest part of SA’s GDP. This week we take a close look at consumer confidence and how this important indicator will be affected by the current state of affairs.
Consumer confidence, which had been showing signs of improvement, will take a knock after Fitch and Standard & Poor’s downgraded SA to junk status, say analysts.
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