SA con­sumers more stressed

The Star Early Edition - - BUSINESS REPORT -

STRUG­GLING con­sumers felt more stressed in the first quar­ter of this year com­pared to the last quar­ter of last year. The MMI/ Unisa Con­sumer Fi­nan­cial Vul­ner­a­bil­ity In­dex mea­sures sen­ti­ments in re­la­tion to in­come, ex­pen­di­ture, sav­ings and debt ser­vic­ing. The in­dex de­clined from 52.71 points in the fourth quar­ter of last year to 52.32 points in the first quar­ter of this year. Shel­ley van der Westhuizen of MMI said yes­ter­day the drop did not come as a sur­prise given the un­cer­tain­ties in the macroe­co­nomic en­vi­ron­ment in­clud­ing the cabi­net reshuf­fle, credit rat­ing down­grade, ris­ing unem­ploy­ment and neg­a­tive GDP growth. – Siseko Njobeni

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