• Key findings The Business Confidence Index (BCI) improves and reaches 40.4 index points.
• Seasonal factor has been driving the positive outlook.
• Most firms are optimistic about the next three months.
• The sales price expectations are outstandingly increased for the retail trade sector.
The Business Confidence Index increases and registers 40.4 on a range of [‐100; 100] points in the third quarter of this year. The BCI of 100 would have indicated that all firms in the sample reported a positive outlook. An index of zero would indicate that positive and negative views reported by firms is about equal, or alternatively in overall, firms reported no change in the current business situation, and ‐100 would indicate that all survey respondents were much less confident about different business environmental factors. Therefore,current positive number indicates that confidence factor among businesses is about 40 index points more positive, rather than negative or neutral.
In the second quarter of this year, the ISET Business Confidence Index registered 21.7 on a scale of 100 points (see methodology below). This is down from the 30.2 recorded in the first quarter of the same year. The positive number nevertheless indicates that confidence factor among businesses is about 21.7 more positive, rather than negative or neutral (e.g. a confidence index of 100 would have indicated that all firms in the sample reported a positive outlook. An index of zero would indicate that the weighted balance of positive and negative views reported by firms is about equal, or alternatively that all firms reported no change in the current business situation). Download the full report
Our Partners
