South Africa Consumer Confidence
BER Consumer Confidence Index surveys 2,500 households in South Africa's urban areas, cities, towns, and villages. Personal in-home interviews are used to conduct the survey, which examines the general economic outlook, the economic state of the household, and the principal expenditure purposes. The difference between the percentage of respondents who predict an improvement and the percentage who expect a deterioration is calculated in the index. The indicator's value ranges from -100 to 100, a value of -100 shows significant insecurity, a value of 0 suggests neutrality, and a value of 100 indicates high confidence.
A higher than expected figure should be seen as positive (bullish) for the ZAR while a lower than expected figure should be seen as negative (bearish) for the ZAR.
