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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Consumer Confidence climbed to -13.0% in July 2026
FMPMonthlyReleased September 2026
South Africa Consumer Confidence climbed to -13.0% in July 2026, released September 2026, up 6.0% from June's -19.0% reading. The print exceeded the -20.0% consensus by 7.0%.
Latest Release
-13
Actual
-20
Consensus
-19
Previous
Median Absolute Error
±4.5 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: -21.5
Actual: -13
Error: -8.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/ZAR | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/ZAR | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (South Africa) was reported at -13% in September 2026. This beat the market consensus of -20% by 7%. The reading rose from the previous value of -19%. Trailing 12-month context per ETL data through September 2026.
WHY IT MATTERS
The trailing three releases averaged -13%, down from the prior three at -10.67%. In September readings over the past 3 years, Consumer Confidence has averaged -10.33%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR). A secondary relationship exists with XAU/USD, positively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 4.5%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Nov 10).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Consumer Confidence - ZA
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About Consumer Confidence — South Africa
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -13 %, consensus -20 %. Prior reading (Apr 2026): -19 %. Before that (Jan 2026): -7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - ZA Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | ZA | Private Sector Credit YoY | 6.23 | 7.47 | 7.5 | 6.87 | Low |
| 09:30 | ZA | Producer Price Index YoY | 6.2 | 5 | 5.7 | 5.95 | Low |
| 09:30 | ZA | Producer Price Index MoM | 1 | -0.4 | 0.5 | 0.75 | Low |