Consumer Research Africa

Consumer Watch – November 2019

October vehicle sales gained 20bps y-y and manufacturing activity picked up in October as ABSA PMI gained 3.0 points. After a recovery in September, SACCI Business Confidence lost -0.7 points to 91.7 points. Nominal food and beverage sales held steady, growing by 5.2% y-y in September. Petrol is expected to rise by 10c/litre while diesel is expected to fall by -22c/litre. In October, CPI inflation declined by -40bps to 3.7% and PPI inflation moderated to 3.0%. The rand depreciated by -5.3% against the dollar y-y, closing the month of November at R14.65/USD.