Consumer Confidence Tumbles As Economic Outlook Sours Fnb Dfa

Consumer Confidence Tumbles As Economic Outlook Sours Fnb Dfa A more detailed breakdown of the cci shows that, while consumer confidence fell notably across all income groups, high income confidence has soured more than low income confidence since the end of 2021. having already slumped from 11 to 18 index points in the first quarter, the confidence level of high income households (earning more than r20. Having already slipped from 9 to 13 index points during the first quarter of 2022, the fnb ber consumer confidence index plunged to 25 in the second quarter of 2022.

Consumer Confidence Tumbles As Economic Outlook Sours Fnb The bureau for economic research (ber) says the remarkable collapse of consumer confidence can be ascribed to a major deterioration in the economic outlook (from 18 to 39) and a complete. Consumer confidence tumbled in september on worries about the job market, even as the share of americans expecting lower interest rates rose to the highest level since 2020. the shift from august. Having already slipped from 9 to 13 index points during the first quarter of 2022, the fnb ber consumer confidence index (cci) plunged to 25 in the second quarter of 2022. bar the cci reading of 33 in the second quarter of 2020 – when the sudden outbreak of the covid pandemic and subsequent implementation of level 5 lockdown pummelled sentiment – the current reading is the lowest in. The conference board’s gauge increased to 100.3 from a downwardly revised 97.8 in june, data out tuesday showed. the median estimate in a bloomberg survey of economists called for a reading of 99.7. a measure of expectations for the next six months climbed to 78.2 in july, the highest since january. the largest share of consumers since the.