RMB/BER Business Confidence Index
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q3 (PDF)
Date Uploaded: Sep 6 2023 12:00PM
After falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and
read moreAfter falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and social unrest meant that business activity remained constrained. Encouragingly, the slight reprieve in the incidence of load-shedding provided support to some firms, especially in manufacturing.
RMB/BER Business Confidence Index (History Data)
Date Uploaded: Sep 6 2023 12:00PM
After falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and
read moreAfter falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and social unrest meant that business activity remained constrained. Encouragingly, the slight reprieve in the incidence of load-shedding provided support to some firms, especially in manufacturing.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q3 (Excel)
Date Uploaded: Sep 6 2023 12:00PM
After falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and
read moreAfter falling to 27 in the second quarter of 2023, the RMB/BER Business Confidence Index (BCI) regained some ground to register a level of 33 in the third quarter. The challenges posed by relatively high interest rates, the resultant strain on consumers, and social unrest meant that business activity remained constrained. Encouragingly, the slight reprieve in the incidence of load-shedding provided support to some firms, especially in manufacturing.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q2 (PDF)
Date Uploaded: Jun 7 2023 12:00PM
The RMB/BER BCI declined for a fifth consecutive quarter to reach 27 in the second quarter of 2023, down by 9 points from 36 in the first quarter. The decline in confidence was on the back of another decrease in business activity, although this likely does
read moreThe RMB/BER BCI declined for a fifth consecutive quarter to reach 27 in the second quarter of 2023, down by 9 points from 36 in the first quarter. The decline in confidence was on the back of another decrease in business activity, although this likely does not explain the full extent of the deterioration in sentiment.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q2 (Excel)
Date Uploaded: Jun 7 2023 12:00PM
The RMB/BER BCI declined for a fifth consecutive quarter to reach 27 in the second quarter of 2023, down by 9 points from 36 in the first quarter. The decline in confidence was on the back of another decrease in business activity, although this likely does
read moreThe RMB/BER BCI declined for a fifth consecutive quarter to reach 27 in the second quarter of 2023, down by 9 points from 36 in the first quarter. The decline in confidence was on the back of another decrease in business activity, although this likely does not explain the full extent of the deterioration in sentiment.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q1 (PDF)
Date Uploaded: Mar 8 2023 12:00PM
The RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the
read moreThe RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the result is nonetheless disappointing. The business mood certainly remains gloomy.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2023Q1 (Excel)
Date Uploaded: Mar 8 2023 12:00PM
The RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the
read moreThe RMB/BER Business Confidence Index (BCI) declined further from 38 in the fourth quarter to 36 in the first quarter of 2023. While the outcome could have been worse given the severity of power outages and the associated drop-off in business activity, the result is nonetheless disappointing. The business mood certainly remains gloomy.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2022Q4 (Excel)
Date Uploaded: Nov 23 2022 12:00PM
After dipping from 42 to 39 in the third quarter, the RMB/BER business confidence index (BCI) slipped to 38 in the final quarter of 2022. A rebound in building confidence made up for the first significant falls in wholesale and retail confidence since the
read moreAfter dipping from 42 to 39 in the third quarter, the RMB/BER business confidence index (BCI) slipped to 38 in the final quarter of 2022. A rebound in building confidence made up for the first significant falls in wholesale and retail confidence since the COVID-19 pandemic broke out. Escalating load-shedding could easily have dashed business confidence in the fourth quarter. The fact that the RMB/BER BCI essentially remained unchanged indicates the presence of some underlying resilience as well as countervailing forces at work.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2022Q4 (PDF)
Date Uploaded: Nov 23 2022 1:30PM
After dipping from 42 to 39 in the third quarter, the RMB/BER business confidence index (BCI) slipped to 38 in the final quarter of 2022. A rebound in building confidence made up for the first significant falls in wholesale and retail confidence since the
read moreAfter dipping from 42 to 39 in the third quarter, the RMB/BER business confidence index (BCI) slipped to 38 in the final quarter of 2022. A rebound in building confidence made up for the first significant falls in wholesale and retail confidence since the COVID-19 pandemic broke out. Escalating load-shedding could easily have dashed business confidence in the fourth quarter. The fact that the RMB/BER BCI essentially remained unchanged indicates the presence of some underlying resilience as well as countervailing forces at work.
RMB/BER Business Confidence Index (Sectoral, Provincial and Composites), 2022Q3 (Excel)
Date Uploaded: Sep 7 2022 12:00PM
The RMB/BER Business Confidence Index (BCI) eased slightly further from 42 to 39 in the third quarter. Confidence among retailers and wholesalers remained comparatively high, while a notable improvement in sentiment among new vehicle dealers partly offset a
read moreThe RMB/BER Business Confidence Index (BCI) eased slightly further from 42 to 39 in the third quarter. Confidence among retailers and wholesalers remained comparatively high, while a notable improvement in sentiment among new vehicle dealers partly offset a 17-point deterioration in building confidence. The manufacturing BCI remained at a low level. While the third quarter drop in the RMB/BER BCI is disappointing, the other survey results indicate that another outright (quarter-on-quarter) contraction in real GDP is unlikely.