{"id":53356,"date":"2023-09-07T11:31:16","date_gmt":"2023-09-07T11:31:16","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects"},"modified":"2023-09-07T12:39:26","modified_gmt":"2023-09-07T12:39:26","slug":"sa-consumer-confidence-improves-on-brighter-economic-prospects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects","title":{"rendered":"SA consumer confidence improves on brighter economic prospects"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South African consumer confidence rebounded in the third quarter on perceptions that the economic outlook is improving, after inflation eased, growth surprised on the upside and the economy created more jobs.A quarterly index measuring consumer sentiment climbed to -16 in the three months through September from -25 in the previous quarter, FirstRand Ltd.\u2019s First National Bank said in an emailed statement on Thursday. Despite the improvement, consumers\u2019 willingness to spend wasn\u2019t matched by an ability to spend, with the outlook for their household finances not changing much.<\/p>\n

An index measuring consumer sentiment about the economic outlook improved by 15 points to -22, according to the survey. The recovery was helped by high-income households being less pessimistic about the nation\u2019s prospects, after the inflation rate fell to a two-year low in July and the economy expanded at double the rate expected by analysts in the second quarter.<\/p>\n

“A sustained moderation in inflation, especially in food prices should start to relieve some of the pressure on retail sales volumes from the fourth quarter,” with projected interest-rate cuts providing greater impetus to consumer spending by mid-2024, FNB said.<\/p>\n

“While the financial pulse of the nation remains weak, there appears to be some light at the end of the tunnel for consumers” said FNB chief economist Mamello Matikinca-Ngwenya. “Lower inflation should bolster the purchasing power of consumers somewhat towards the end of 2023.”<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South African consumer confidence rebounded in the third quarter on perceptions that the economic outlook is improving, after inflation eased, growth surprised on the upside and the economy created more jobs.A quarterly index measuring consumer sentiment climbed to -16 in the three months through September from -25 in the previous quarter, FirstRand […]<\/p>\n","protected":false},"author":84,"featured_media":53355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,2903,6181,1813,275],"class_list":["post-53356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-ber","tag-consumer-confidence","tag-fnb","tag-south-africa-2"],"yoast_head":"\nSA consumer confidence improves on brighter economic prospects - South Africa<\/title>\n<meta name=\"description\" content=\"South African consumer confidence rebounded in the third quarter on perceptions that the economic outlook is improving, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SA consumer confidence improves on brighter economic prospects\" \/>\n<meta property=\"og:description\" content=\"South African consumer confidence rebounded in the third quarter on perceptions that the economic outlook is improving, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T11:31:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-07T12:39:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694073980.449643.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SA consumer confidence improves on brighter economic prospects\",\"datePublished\":\"2023-09-07T11:31:16+00:00\",\"dateModified\":\"2023-09-07T12:39:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/09\/sm_1694073980.449643.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"ber\",\"consumer confidence\",\"fnb\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sa-consumer-confidence-improves-on-brighter-economic-prospects\",\"name\":\"SA consumer confidence improves on brighter economic prospects - 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