Business Confidence
SACCI Business Confidence Index (BCI) February 2016: Business Confidence Pending
In a statement issued today the CEO of SACCI, Mr. Alan Mukoki, said:
The downward trend in the SACCI Business Confidence Index (BCI) has for the time been arrested as the BCI stayed around the 80 index mark. After measuring 79.6 in December 2015, the SACCI BCI marginally improved to 80 in January 2016 and was virtually unchanged at 80.1 in February 2016. Since the more recent peak of 92.8 in February 2015, the BCI lost 12.7 index points.
The continuing uncertain business climate and wavering economic performance exacerbated the hesitant business mood in February 2016. The lower credit rating in December 2015 and efforts to avoid a further downgrade confirm the imperative of turning the present economic direction around. SONA and Budget 2016 were important occasions to address future economic policies. Much will depend on the application of these policies.
The month-on-month changes of the sub-indices of the SACCI BCI in February 2016 were similar (five positive moves) to the positive changes in January 2016. Apart from the ……SACCI BCI PRESS RELEASE FEB 2016