# FNB chief economist Mamello Matikinca-Ngwenya says the FNB/BER consumer confidence index retreated from negative-ten to negative-13 in the third quarter of this year. She says the decline in the overall index to negative-13 means that consumer sentiment moved even further south of the average index reading of negative-one since 1994. Matikinca-Ngwenya says this is signaling a slowdown in real household consumption expenditure growth during the third quarter of this year:
FNB economist says consumer confidence slips as middle class comes under pressure [SOUND]
ENG MamelloonConsumer