Consumer confidence slowed in July as financial pressure keeps spending in check

ICSJulyCover

Africa’s consumer sentiment weakened in July, with the Kasi Index of Consumer Sentiment (ICS) falling from 5.4 in June to 2.7, keeping the continent in the slowdown regime. Beneath the headline, however, the picture is more nuanced: household budget perceptions improved sharply, while income-making, job prospects and household spending …

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