Consumer confidence plunges to 35 year low
JOHANNESBURG –
Consumer confidence plunged to record lows in 35 years during the second quarter of 2020 due to the halt in economic activity in the three months to June.
Consumer confidence plunged to record lows in 35 years during the second quarter of 2020 due to the halt in economic activity in the three months to June.
The FNB/BER Consumer Confidence Index (CCI) on Tuesday plummeted from an already depressed level of -9 in the first quarter of 2020 to a shocking -33 during the second quarter.
The latest CCI reading is now only 3 index points shy of the all-time lowest consumer confidence level of -36 recorded in 1985.
Source: iol.co.za
