South Africa Consumer Confidence

Last Release

Dec 31, 2024

Actual

-6

Units In

Points

-5

Frequency

Quarterly

Next Release

Mar 25, 2025

Time to Release

3 Months 17 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
26 Mar 2018	-36 Jun 1985	-2.15 Points	1982-2024	Bureau for Economic Research (BER)

In South Africa, the BER Consumer Confidence Index covers 2,500 households in metropolitan areas, cities, towns and villages. The survey is made from personal at-home interviews and assesses general economic outlook, household’s economic condition and major spending purposes. The index is computed as the difference between the share of respondents expecting an improvement from the percentage expecting a deterioration. The indicator varies on a scale of -100 to 100; a value of -100 indicates extreme lack of confidence, 0 neutrality and 100 extreme confidence.

Latest Updates

The FNB/BER Consumer Confidence Index for South Africa edged down to -6 in the last quarter of 2024 from -5 in the third quarter which was the highest since the first half of 2019. Despite the decrease in consumer morale, festive season retail sales are still likely to be jolly. "A string of favorable developments has seen consumer confidence riding much higher since the second quarter of 2024, including the formation of a government of national unity, the termination of load-shedding, a substantial deceleration in inflation, two interest rate cuts and the implementation of the two-pot retirement system", said FNB Chief Economist Mamello Matikinca-Ngwenya.