Business confidence remains subdued

Thursday, December 17, 2015

Shortages of water have contributed to lower economic activity

The level of optimism among businesses remains subdued on the back of power and water shortages, constrained government spending as well as weak domestic demand, a survey carried out by the Bank of Botswana (BoB) shows.

According to the Business Expectation Survey (BES) released by the BoB this week, the level of optimism as measured by the Business Confidence Index (BCI) was stagnant at 44 percent between March and September this year.

The BES, which sampled 100 businesses across various economic sectors, presents results of the survey carried out for three distinct periods, including the second half of 2015, the first half of 2016 and the 12 month period to December 2016.

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Business confidence remains subdued

The level of optimism among businesses remains subdued on the back of power and water shortages, constrained government spending as well as weak domestic demand, a survey carried out by the Bank of Botswana (BoB) shows.