Business confidence remains subdued

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.