Consumer confidence slides

The FNB/BER confidence index showed a 2 point decline in the 4th quarter.

South African currency. Picture: Taurai Maduna/Eyewitness News

CAPE TOWN - The confidence of South African consumers remains low, the First National Bank/Bureau of Economic Research Confidence Index revealed on Tuesday.

The index showed a 2 point decline in the 4th quarter.

One of the factors associated with the decrease includes low economic activity.

FNB chief economist Cees Bruggemans said these levels were last seen at the onset of the world economic crisis.

"It means we are not seeing the strength come through as we did in 2010/11."

Bruggemans added growth was slower this year and inflation has picked up.