RMB/BER Business Confidence Index

RMB/BER Business Confidence Index Documents

The RMB/BER Business Confidence Index (BCI) rose by a further 3 points to 47 in the first quarter of 2026, building on the improvement in the fourth quarter of 2025. The BCI now stands six points above its long-term average and a solid 20 points above the post-COVID low reached in 2023Q2.

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The RMB/BER Business Confidence Index (BCI) rose by a further 3 points to 47 in the first quarter of 2026, building on the improvement in the fourth quarter of 2025. The BCI now stands six points above its long-term average and a solid 20 points above the post-COVID low reached in 2023Q2.

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The RMB/BER Business Confidence Index (BCI) rose by a further 3 points to 47 in the first quarter of 2026, building on the improvement in the fourth quarter of 2025. The BCI now stands six points above its long-term average and a solid 20 points above the post-COVID low reached in 2023Q2.

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Following two consecutive declines, the RMB/BER Business Confidence Index (BCI) rose by five points to 44 in the fourth quarter of 2025. That puts confidence three points above its long-term average and means that 44% of respondents are satisfied with prevailing business conditions.

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Following two consecutive declines, the RMB/BER Business Confidence Index (BCI) rose by five points to 44 in the fourth quarter of 2025. That puts confidence three points above its long-term average and means that 44% of respondents are satisfied with prevailing business conditions.

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The RMB/BER Business Confidence Index (BCI) slipped further by one point to 39 following a five-point decline in the second quarter of 2025. This is three points below the long-term average level of 42, and implies that just over 60% of respondents are dissatisfied with prevailing business conditions. The underlying results point to an economy that is muddling through, with many activity and demand indicators in line with 20-year average levels.

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The RMB/BER Business Confidence Index (BCI) slipped further by one point to 39 following a five-point decline in the second quarter of 2025. This is three points below the long-term average level of 42, and implies that just over 60% of respondents are dissatisfied with prevailing business conditions. The underlying results point to an economy that is muddling through, with many activity and demand indicators in line with 20-year average levels.

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The RMB/BER Business Confidence index (BCI) declined by five points to 40 in the second quarter of 2025, after the recovery that started in the first half of 2024 stalled in the first quarter. This implies that only four out of ten business respondents in the most cyclically sensitive sectors of the economy were satisfied with prevailing business conditions.

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The RMB/BER Business Confidence index (BCI) declined by five points to 40 in the second quarter of 2025, after the recovery that started in the first half of 2024 stalled in the first quarter. This implies that only four out of ten business respondents in the most cyclically sensitive sectors of the economy were satisfied with prevailing business conditions.

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Following three consecutive increases, the RMB/BER Business Confidence Index (BCI) remained unchanged at 45 index points in the first quarter of 2025. While a touch above the long-term average reading of 43 points, and well above the sentiment level recorded at the start of last year, it is worrying that four of the five sectors saw confidence slip relative to the fourth quarter of last year. New vehicle dealers saw a 29-point surge in confidence, which offset the decline in confidence from all other sectors.

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