After increasing from -10 in the fourth quarter of 2016 to -5 in the first quarter of 2017, the FNB/BER Consumer Confidence Index (CCI) fell back to -9 in the second quarter.

A reading of -9 indicates that consumer confidence remained relatively low given that it has averaged +4 since 1994. However, it remained above the most recent low of -15 registered in the second quarter of 2015. The latest data marks the longest streak where consumer confidence has been at or below zero since the survey started in 1982 – 12 consecutive quarters.

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