South African consumer confidence slips
Confidence among
South Africa’s consumers slipped in the second quarter as households
took a dim view of their finances, partly owing to worries about their
jobs, a survey showed on Monday.
The survey,
sponsored by First National Bank (FNB) and the Bureau for Economic
Research (BER), showed the consumer confidence index declined to 14 in
the second quarter from 15 in the first quarter when it jumped from 9
in the final three months of 2009 — its biggest rise in five years.
“Slightly fewer
consumers expect an improvement in their own finances over the next 12
months compared to Q1 2010,” the FNB/BER statement said.
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