South Africa’s consumer confidence fell further in the second quarter, according to a survey released on Thursday.
Browsing: Bureau for Economic Research
Consumer confidence plunged in the first quarter as the country continued to be plagued by severe power shortages.
South African consumers regained some confidence in the economy in the third quarter after consumer confidence hit a 35-year low in the previous quarter, a survey showed on Monday.
Business activity in South Africa’s manufacturing industry fell to a record low in April, when a nationwide lockdown aimed at curbing the spread of the coronavirus pandemic brought output to a near standstill.
South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy.
Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts weighed on confidence.
South African manufacturing industry sentiment slid back into contraction in August, signalling the surprising recovery in July was unsustainable.
South African business confidence climbed to the highest since the start of 2015 in the fourth quarter as the appointment of Cyril Ramaphosa as the nation’s president boosts prospects for industry-friendly