Consumer confidence surprises but remains in negative territory
The 12-point rebound in consumer confidence surprised given the backdrop of sustained high inflation, rapidly rising interest rates, frequent load-shedding and the generally bleak outlook for global economic growth
08 December 2022 - 13:18
Consumer confidence recovered slightly in the fourth quarter to levels last seen just before the Covid pandemic, but the overall mood remains negative.
The FNB/BER Consumer Confidence Index (CCI) improved to -8 points during the fourth quarter from -20 in the preceding three months as people became more willing to spend...
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