Consumer confidence plummets in second quarter
The FNB/BER consumer confidence index fell to just three points shy of its all-time historic low of in 1985
07 July 2020 - 11:31
Consumer confidence slumped to its worst levels in 35 years, during the second quarter of 2020 as households grappled with the economic fallout of the phased lockdown restrictions, imposed to slow the spread of the coronavirus.
The FNB/BER consumer confidence index (CCI) plummeted to -33, a low not seen since 1985 when then president PW Botha delivered his Rubicon speech amid resistance to the apartheid regime and the gauge hit -36, the bank said in a statement about the data...
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