Having edged up from a three-year low of 20 to 32 during the third quarter, the percentage of retailers reporting that they are satisfied with prevailing business conditions increased further to 47 in the fourth quarter – the highest reading since 2022Q3. The uptick in retailer confidence appears to be driven by improvements in profitability and general business conditions.
Read MoreRetail confidence in quarter three improved to 32%, up from 20% in the second quarter. We could see a further improvement in quarter four if food price increases moderate and the SARB maintains its pause in rate hikes. However, load-shedding may continue to dampen consumer spending in the sector.
Read MoreThe BER’s quarterly Retail Trade survey shows that retailer confidence dropped to 20% during 2023Q2, down from 34% in Q1. The substantial decline in retailer confidence can be ascribed to a marked deterioration in profitability due to load-shedding, persistently high food inflation and rising interest rates.
Read MoreThe BER’s trade survey for the first quarter of 2023 suggests a sector under pressure and facing weak consumer demand. Retail confidence slipped from 42% to 34%. This is the weakest level since 2020Q2, when activity was severely constrained by the COVID-19 pandemic.
Read MoreThe BER’s trade survey for the first quarter of 2023 suggests a sector under pressure and facing weak consumer demand. Retail confidence slipped from 42% to 34%. This is the weakest level since 2020Q2, when activity was severely constrained by the COVID-19 pandemic.
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