Financial News: S. Africa Consumer Confidence Weakens In Q3

S. Africa Consumer Confidence Weakens In Q3

09/25/2025 - 14:28:00 (RTTNews)

(RTTNews) - Consumer confidence in South Africa deteriorated in the third quarter following a recovery in the previous three months, survey data from the Bureau for Economic Research showed on Thursday.

The FNB/BER consumer confidence index dropped to -13 from -10 in the second quarter, results of the quarterly survey revealed. In the first quarter, the measure had plunged to -20.

The index thus moved further below the relatively positive levels observed during the second half of 2024, the think tank, which is part of the Stellenbosch University, said.

The survey, which is carried out among adults living in predominantly urban areas in South Africa, poses three questions to respondents - the expected performance of the economy, the expected financial position of households and the rating of the appropriateness of the present time to buy durable goods, such as furniture, appliances and electronic equipment.

Last week, the <a href=https://www.rttnews.com/3575469/south-africa-holds-rate-steady-at-7-after-easing-for-a-year.aspx target=_blank >South African Reserve Bank left its key interest rate unchanged at 7 percent</a> as policymakers decided to adopt a wait-and-watch stance following a year-long easing and they also assessed that inflation is set to rise in the coming months due to higher prices for electricity, food and services, while economic growth is set to strengthen.

The SARB raised the GDP growth forecast for this year to 1.2 percent from 0.9 percent, despite a weaker export outlook due to higher tariffs. The central bank projected inflation to average 3.4 percent this year, 3.6 percent next year and then return to 3.0 percent during 2027.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Treasury Announces Details Of Long-Term Securities Auctions (04 hr(s), 50 min(s), 50 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday revealed the details of this month's auctions ...Full Story»

Eurozone Jobless Rate Rises Slightly (10 hr(s), 58 min(s), 50 sec(s) ago)
(RTTNews) - The euro area unemployment rate rose slightly in August but remained near record lows ...Full Story»

Hong Kong Retail Sales Growth Strongest In 20 Months (11 hr(s), 38 min(s), 50 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value increased at the fastest pace in more than one-and- ...Full Story»

Italy Jobless Rate Rises To 6.0% (12 hr(s), 38 min(s), 50 sec(s) ago)
(RTTNews) - Italy's unemployment rate increased slightly in August after falling to over eight ...Full Story»

Romanian Producer Prices Rise 3.2% (13 hr(s), 15 min(s), 50 sec(s) ago)
(RTTNews) - Romania's producer prices increased for the second straight month in August, data ...Full Story»

Spain Unemployment Declines In September (13 hr(s), 19 min(s), 50 sec(s) ago)
(RTTNews) - Spain's unemployment declined unexpectedly in September, data from the labor minis ...Full Story»

Australia Household Spending Growth Weakens, Trade Surplus Declines (13 hr(s), 46 min(s), 50 sec(s) ago)
(RTTNews) - Australia's household spending grew at a slower pace in August and the trade surpl ...Full Story»

Swiss Inflation Remains Stable At 0.2% (13 hr(s), 48 min(s), 50 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation held steady for the second straight month i ...Full Story»