Every quarter since 2010, a consumer confidence study in Mauritius has been conducted by Analysis, an affiliate of Kantar, a specialist in market research, data analysis, marketing consulting, and strategic decision support in the Indian Ocean. The study provides insights into the attitudes and concerns driving society. This study offers key information for economic decision-makers, enabling a better understanding of current trends and the dynamics of the island’s economic landscape.

Mixed economic sentiments

While the rise in consumer confidence is encouraging, underlying concerns about inflation and economic stability persist. In July 2024, many Mauritians expressed dissatisfaction with measures to combat rising prices. Yet, recent developments—such as salary increases and improving perceptions of the job market—have partially offset these worries, contributing to a more positive outlook on household income.

Still, inflation remains a significant concern, with consumers wary about its impact on long-term economic conditions. Addressing these challenges will be critical to sustaining this fragile recovery in confidence.

A country at a crossroads

Public sentiment regarding the nation’s direction remains cautious, although there has been a slight increase in optimism. By November, 15% of respondents felt the country was moving in the right direction, up from 10% in July. This modest improvement signals lingering uncertainty about Mauritius’s economic and social trajectory.

The general election held on November 10, 2024, brought a political sea change. The opposition Alliance du Changement, led by Navin Ramgoolam, secured a decisive victory, signaling widespread dissatisfaction with the incumbent government’s handling of economic challenges like inflation and the cost of living. This outcome reflects a clear demand for responsive leadership and effective governance to tackle the country’s pressing issues.

Looking ahead: Challenges and opportunities

Q3 2024 paints a complex picture of consumer confidence in Mauritius. On one hand, progress in the job market and household income offers reasons for cautious optimism. On the other, persistent concerns about inflation and economic direction highlight the importance of decisive action to build public trust.

The political transition following November’s election represents both a challenge and an opportunity. For consumer confidence to strengthen further, the new administration must prioritize measures to stabilize the economy, control inflation, and deliver tangible improvements to the cost of living.