The latest reading is well below the average consumer confidence of 2 since 1994, indicating a low willingness to spend or heightened caution among consumers, FNB said. The index’s collapse was largely driven by declines in the economic outlook and the financial position of high-income households earning more than 20,000 rand ($1,337) a month, it said.

This post South African consumer confidence deteriorates war in Ukraine

was original published at “”