Consumer Watch – January 2020

Some positive news came in the form of the 4.3% y-y uplift in vehicle sales for December 2019 following a dismal year for new car sales. Furthermore, CPI and PPI inflation remained stable at 4.0% and 3.4% y-y respectively. On the other hand, PMI remains under the 50-point neutral mark at 47.1 points in December 2019 while the value of Building Plans passed plummeted by -35% y-y in November. In February 2020, the price of petrol will moderate by -13c/litre to R15.29/litre while diesel will decline by -5c/litre to R14.03/litre. The rand depreciated by -11.5% against the dollar on a y-y basis, closing at R15.01/USD.