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Consumer confidence tumbled to a four year... No 4

Date Uploaded: April 08 2008 12:28


The FNB/BER CCI declined by 10 index points – from +22 during 07Q4 to +12 during 08Q1. The increase in the prime overdraft rate, higher food and petrol prices, poorer employment prospects, increased financial market instability and the January electricity black-outs led to the fall in the CCI. Households’ ability to spend will determine if their current still relatively high willingness to spend will also translate into actual sales during subsequent quarters.