RMB/BER Business Confidence Index
RMB/BER Business Confidence Index (History Data), 2020
Last updated: Jun 10 2020 11:55AM
COVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
read moreCOVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2020 - Quarter21 - Excel
Last updated: Jun 10 2020 11:53AM
COVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
read moreCOVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2020 - Quarter 2 - PDF
Last updated: Jun 10 2020 11:54AM
COVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
read moreCOVID-19 has drastically changed the already-weak economic landscape. The RMB/BER Business Confidence Index (BCI) fell to merely five points, the lowest level ever recorded since the BER first began conducting its business confidence survey in 1975.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2020 - Quarter 1 - Excel
Last updated: Mar 11 2020 11:05AM
The RMB/BER BCI slumped by eight points to 18 in the first quarter of 2020 - a 21-year low. Persistent demand weakness, load shedding, bailouts of struggling SOE’s, the deterioration in the government’s finances and the spreading of the coronavirus around the
read moreThe RMB/BER BCI slumped by eight points to 18 in the first quarter of 2020 - a 21-year low. Persistent demand weakness, load shedding, bailouts of struggling SOE’s, the deterioration in the government’s finances and the spreading of the coronavirus around the globe all played a role. January’s 25 basis point interest rate cut was a small positive, but not enough to compensate for the negative developments. Since the survey was completed in early March, things have gone from bad to worse on the global front. The RMB/BER BCI will in all likelihood continue to trend lower in the period ahead, with obvious negative consequences for private sector fixed investment.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2020 - Quarter 1 - PDF
Last updated: Mar 11 2020 11:06AM
The RMB/BER BCI slumped by eight points to 18 in the first quarter of 2020 - a 21-year low. Persistent demand weakness, load shedding, bailouts of struggling SOE’s, the deterioration in the government’s finances and the spreading of the coronavirus around the
read moreThe RMB/BER BCI slumped by eight points to 18 in the first quarter of 2020 - a 21-year low. Persistent demand weakness, load shedding, bailouts of struggling SOE’s, the deterioration in the government’s finances and the spreading of the coronavirus around the globe all played a role. January’s 25 basis point interest rate cut was a small positive, but not enough to compensate for the negative developments. Since the survey was completed in early March, things have gone from bad to worse on the global front. The RMB/BER BCI will in all likelihood continue to trend lower in the period ahead, with obvious negative consequences for private sector fixed investment.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2019 - Quarter 4 - PDF
Last updated: Nov 28 2019 9:58AM
After dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail
read moreAfter dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail trade. It declined in the new motor trade and remained essentially unchanged in the wholesale trade sector. Though the fourth quarter rebound in the RMB/BER BCI is encouraging, some realism is necessary: the improvement was a mere five index points and was not broadly-based across sectors. Moreover, at 26, the BCI remained deep in net negative terrain, with a strong majority of respondents still expressing a sense of pessimism.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2019 - Quarter 4 - Excel
Last updated: Nov 27 2019 11:50AM
After dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail
read moreAfter dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail trade. It declined in the new motor trade and remained essentially unchanged in the wholesale trade sector. Though the fourth quarter rebound in the RMB/BER BCI is encouraging, some realism is necessary: the improvement was a mere five index points and was not broadly-based across sectors. Moreover, at 26, the BCI remained deep in net negative terrain, with a strong majority of respondents still expressing a sense of pessimism.
RMB/BER Business Confidence Index (History Data), 2019
Last updated: Nov 27 2019 11:52AM
After dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail
read moreAfter dropping from 28 in the second quarter to a 20-year low of 21 in the third quarter, the RMB/BER BCI rose to 26 in the fourth quarter. Confidence rebounded in three of the five sectors making up the BCI namely the building, manufacturing and retail trade. It declined in the new motor trade and remained essentially unchanged in the wholesale trade sector. Though the fourth quarter rebound in the RMB/BER BCI is encouraging, some realism is necessary: the improvement was a mere five index points and was not broadly-based across sectors. Moreover, at 26, the BCI remained deep in net negative terrain, with a strong majority of respondents still expressing a sense of pessimism.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2019 - Quarter 3 - Excel
Last updated: Sep 11 2019 11:07AM
The RMB/BER Business Confidence Index (BCI) plunged to a 20-year low of 21 in the third quarter. Not even during the height of the global financial crisis in 2009 have executives been this downbeat. Confidence collapsed in four of the five sectors making up
read moreThe RMB/BER Business Confidence Index (BCI) plunged to a 20-year low of 21 in the third quarter. Not even during the height of the global financial crisis in 2009 have executives been this downbeat. Confidence collapsed in four of the five sectors making up the BCI. The only sector that showed an improvement was the motor trade, but even so, the index is still low. Not only did a growing majority of respondents in the third quarter experienced worse business conditions than 12 months ago, but it would appear if more and more business people participating in the survey are simply giving up hope. Courageous leadership is required to reverse this concerning development.
RMB/BER Business Confidence Index (Sectoral and Provincial), 2019 - Quarter 3 - PDF
Last updated: Sep 11 2019 11:08AM
The RMB/BER Business Confidence Index (BCI) plunged to a 20-year low of 21 in the third quarter. Not even during the height of the global financial crisis in 2009 have executives been this downbeat. Confidence collapsed in four of the five sectors making up
read moreThe RMB/BER Business Confidence Index (BCI) plunged to a 20-year low of 21 in the third quarter. Not even during the height of the global financial crisis in 2009 have executives been this downbeat. Confidence collapsed in four of the five sectors making up the BCI. The only sector that showed an improvement was the motor trade, but even so, the index is still low. Not only did a growing majority of respondents in the third quarter experienced worse business conditions than 12 months ago, but it would appear if more and more business people participating in the survey are simply giving up hope. Courageous leadership is required to reverse this concerning development.