Q1 GDP in South Africa disappoints

Nairobi, Kenya - Africa's first monthly consumer confidence index (KIC Score) stood at +11 in June, a 3 percentage decrease from May. At this level, it means that the number of consumers who are optimistic is slightly higher that those who are pessimistic (a score of zero implies equal numbers in both camps). With a maximum of 100 and a minimum of -100, the current KIC level indicates that economic confidence continues to be positive in the countries' urban centers polled. Concerns over the current economic conditions rise Consumers continue to find the current economic conditions challenging with the sub-metric dropping 6 percent to reach -12. Despite the negative sentiment with current ec

Consumer confidence drives GDP growth in Kenya

Nairobi, Kenya - Africa's first monthly consumer confidence index (KIC Score) stood at +11 in June, a 3 percentage decrease from May. At this level, it means that the number of consumers who are optimistic is slightly higher that those who are pessimistic (a score of zero implies equal numbers in both camps). With a maximum of 100 and a minimum of -100, the current KIC level indicates that economic confidence continues to be positive in the countries' urban centers polled. Concerns over the current economic conditions rise Consumers continue to find the current economic conditions challenging with the sub-metric dropping 6 percent to reach -12. Despite the negative sentiment with current ec

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