Africa’s monthly consumer confidence index reached an all-time high at +14 in May 2018.
It shows a 4 percentage increase from April
With a maximum of 100 and a minimum of -100, the current KIC level indicates that economic confidence continues to be positive in the countries’ urban centers polled.
Consumers remain bullish in future economic prospects
Consumers continue to be a little bit concerned with the current economic conditions with the sub-metric remaining negative at -6. Despite the negative sentiment with current economic conditions, consumer optimism about future economic prospects as shown by the sub-index metric remained positive at +22 in May.
Women and men are equally optimistic
Interestingly, women are slightly a bit more optimistic than men (+14 vs +13) and younger people (aged 29 and younger) have the highest confidence measure (+16) compared to +14 for people 30 years and older.
Kenya reaches an all-time high in May