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Business confidence hesitant – Sacci

3rd December 2015

By: Anine Kilian

Contributing Editor Online

  

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The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) fell by 5.7 index points to 82.7 in November – 8.1 points lower than in November 2014.

Sacci stated that the BCI was finding it difficult to break from the 80 to 85 point range.

It further noted that the domestic economy performed below potential.

The November month-on-month changes in the BCI subindices were more discouraging than the changes in October, with four of the thirteen subindices positive, five undecided and four negative.

Notwithstanding lower inflation, and unchanged municipal utility services and real private sector borrowing compared with November 2014, all other subindices performed worse than a year ago.

Real economic activity, as well as financial circumstances, were in a worse situation than in November 2014

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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