The consumer confidence index, sponsored by First National Bank (FNB) and compiled by the Bureau for Economic Research, fell to +2 in the first quarter from +7 in the final quarter of 2018.
JOHANNESBURG – Consumer confidence in South Africa dipped further in the first quarter of 2019, suggesting that most consumers are neither optimistic nor pessimistic about the outlook for the country’s economy, a survey showed on Wednesday.
The latest dip in consumer confidence shows that consumers do not expect the country’s economic prospects to improve over the next 12 months as they did throughout 2018, according to the report.
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