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MasterCard’s confidence index rises to 56.3

16 May

Consumers are feeling more confident about the second half of this year‚ according to the latest MasterCard consumer confidence index,which rose 8.3 points to 56.3.

Measuring a consumer’s impression of their ability to maintain or improve their living standard‚ quality of life tended to mirror the overall trend observed in the other four variables. The indicator increased 8.6 points to 50.5‚ also reflecting a neutral consumer outlook over the next few months‚ according to MasterCard.

Conducted between April and May‚ the latest survey involved 12‚205 respondents aged 18 to 64 in 27 markets around the world. In Africa‚ the survey was conducted in Egypt‚ Kenya‚ Morocco‚ Nigeria and SA.

A comparison of consumer confidence in SA’s three major cities reveals that respondents in Johannesburg‚ the economic hub of the country‚ are the most optimistic with a score of 69.9 up from 63.5 in the previous index. SA’s consumer confidence was the lowest on the continent‚ with the African average coming in at a very optimistic 78.1.

Nigeria remains the most optimistic country (94.3)‚ followed by Morocco (85.2) and Kenya (76.5).

 
 

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