Consumer confidence plunges to second-lowest reading on record
Sentiment back at levels of second quarter of 2022, when Ukraine war fallout became clear
29 June 2023 - 11:32
Consumer confidence plummeted to its second-lowest reading since 1994, a level indicative of the concern among consumers about the country’s economic prospects and their household finances.
Reports show that household finances have been under severe pressure since the year began due to slower growth in disposable income, with the purchasing power of disposable income hurt by worsening electricity outages which hurt prospects of further employment growth for the remainder of the year...
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