Business Confidence Index Archives

The LMD-Nielsen Business Confidence Index (BCI) increased by a single basis point to 128 in February, the latest edition of business magazine LMD reports. In the March edition of the magazine, Nielsen’s Managing Director Sharang Pant notes that “businesses are probably wary of the impact on the economy stemming from the results of the Local Government (LG) elections”. He also points out: “Business leaders continue to highlight that consumption especially in urban Sri Lanka is still subdued on account of high inflation.” While observing that sentiment regarding the economy has dampened compared to January, LMD notes that only 16% of respondents expect an improvement over the next 12 months. In contrast, the majority (43%) of respondents feel that economic conditions ‘will get w...

The latest edition of business magazine LMD reports an increase of five basis points in the LMD-Nielsen Business Confidence Index (BCI), from 122 in December to 127 in January. LMD notes that this is the first time since June 2016 that the BCI has improved over four consecutive months with the index standing nine basis points above its 12 month average. Nielsen’s Managing Director Sharang Pant notes in the February of the magazine that “apart from visible activity in the construction or infrastructure space, business leaders say the Government’s efforts to improve the investment climate are bearing fruit and foreign direct investment (FDI) in specific sectors is increasing.” He adds: “They do point to the fact that demand for consumption has not yet picked up as inflation is still...

Tag: Business Confidence Index

Business confidence intact in February

Biz confidence rises for fourth consecutive month