BER Research Note

Research Notes
Comments
Political Comments
Impumelelo Economic Growth Lab

BER Research Note

Research Notes are more in-depth analyses undertaken by BER economists and consultants. They are intended to inform clients on critical issues in the macroeconomic environment, which may impact on the business environment. Research Notes are exclusive to BER Premium Insights Service clients. For more information, contact us.

Back to Documents

Consumer confidence plunged during... No 8

Date Uploaded: July 02 2008 12:05


After declining from +22 to +12 during 2008Q1, the FNB/BER CCI dropped by a further 18 index points to –6 during 2008Q2. Consumers have turned negative on the economy and time to buy durable goods, but they are still positive – albeit to a much lesser degree than previously – about their own finances. The sharp decline in consumer confidence foreshadows more subdued household consumer spending and private residential investment during upcoming quarters.