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Quarterly Consumer Confidence Index in South Africa

Country:
ZARSouth Africa
Importance:
Data Trends
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ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About Quarterly Consumer Confidence Index in South Africa

The Consumer Confidence Index of the Bureau for Economic Research (BER) in South Africa is released quarterly and indicates how confident consumers are about the economic situation in South Africa. This index is calculated based on surveys about consumers' current economic conditions and future economic outlook.

A high index suggests that consumers are optimistic about the economy, indicating a likelihood of increased consumer spending. Conversely, a low index suggests pessimism among consumers, potentially leading to decreased consumer spending. This index is a crucial measure for evaluating consumer economic outlook and confidence.

This data serves as important reference material for policymakers to assess consumer psychological trends and formulate appropriate economic policies. It also provides essential information for businesses and investors to understand trends in consumer confidence and economic outlook.

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