Consumers still wary
02 October 2015 - 02:06
Consumer confidence improved in the third quarter but remained in negative territory. Interest rates and electricity tariffs increased in the third quarter, job losses continue, and although petrol prices dropped, the benefits were offset by rising inflation.The First National Bank/Bureau for Economic Research consumer confidence index recovered strongly to -5 in the third quarter after falling to an almost 15-year low of -15 in the second quarter.FNB chief economist Sizwe Nxedlana warned that: "Consumer confidence remains depressed, pointing to a low willingness to spend." ..
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.