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
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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