Business confidence in December 2012 improved to 93 points from 91.7 points in November 2012, said the SA Chamber of Commerce and Industry (Sacci) on Wednesday. Editor's Notes: Hands up if you think this increase in confidence could have something to do with the visit by a certain portly gentleman from the North Pole? "The BCI improved from 91.7 points in November 2012 to 93 in December 2012, but it is still not at a convincing level to investors. "The BCI was 6.1 points below its … [Read more...] about Business confidence rebounds
confidence
Business More Confident in June
Business Confidence improved by 2.1 points to 94.9 in June, the South African Chamber of Commerce and Industry (Sacci) said today. In May, Sacci's Business Confidence Index (BCI) was at 92.8 points. "A substantial annual gap in the BCI of 8.4 points developed between May 2011 and May 2012, but narrowed to 7.5 points between June 2011 and June 2012," said Sacci in its monthly index. In June 2012, the BCI was 9.3 points below the peak of 104.2 in March 2011 during the present upward phase … [Read more...] about Business More Confident in June
Nelson Mandela Metropole Business Confidence Indicator – YTD October 2011
The NMB BCI continued reflecting slow improvement through October supported predominantly by the unexpectedly robust performance of the new vehicle markets over the August to October period, being of particular importance to the local economy, ongoing slow growth in the real value of retail sales in the Eastern Cape, and growth in the trend cycles of the real value of both imports and exports during the period. Supported by steady growth in real disposable income of households the demand side … [Read more...] about Nelson Mandela Metropole Business Confidence Indicator – YTD October 2011
Nelson Mandela Metropole Business Confidence Indicator – YTD September 2011
After reflecting slow decline during the past couple of months the trend in the NMBBCI recovered slightly in September being supported during the month by unexpectedly strong demand for both new cars in the metro and the total new car market in the country. Improved performance in retail sales in the Eastern Cape and some slight improvement in the underlying trend in the real values of both imports and exports also assisted the index. Despite significant volatility on financial markets the … [Read more...] about Nelson Mandela Metropole Business Confidence Indicator – YTD September 2011
Nelson Mandela Metropole Business Confidence Indicator – YTD August 2011
As expected the trend in the NMB BCI continued declining slowly through August coming under pressure from a range of weaker indicators while receiving some minimal support from the new car market in the Metro, the total national new vehicle market, and real retail sales in the Eastern Cape. While the dramatic volatility on global equity and currency markets in September, coming as a result of a sharp deterioration in both the performance and outlook for the economies of the US and EU, … [Read more...] about Nelson Mandela Metropole Business Confidence Indicator – YTD August 2011
