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Moody’s ratings agency has lowered its outlook on South Africa’s sovereign credit rating from stable to negative, which could lead to a downgrading of SA’s investment grade rating.

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Confidence Lifts Slightly in Q4

| News by Staff Reporter

According to the FNB/BER consumer confidence index

Consumer confidence among South Africans rose slightly in the fourth quarter of 2011 to +5, from +4 in the third quarter.

According to the First National Bank and Bureau for Economic Research (FNB/BER) consumer confidence index released on Wednesday, South Africans are expecting a slight improvement in their finances over the coming 12 months.

“A slightly higher percentage of consumers expect an improvement in their household finances,” said FNB/BER in a statement.

While people were more optimistic about their household finances, however, their views on the economy over the next 12 months showed a further decline.

While consumer confidence was supportive of consumer spending, according to FNB/BER, rising inflation, which is expected to breach the target band of 3% – 6% next year, may dent growth in real disposable income and lead to lower growth in consumer spending.

Source: www.bizpremises.co.za

SA Outlook Lowered to Negative

Search:

Confidence Lifts Slightly in Q4

According to the FNB/BER consumer confidence index

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