Businesses more bullish in 2011

The Business Expectations Survey (BES) shows 67 percent of businesses expect that conditions will be more favourable in the first half of 2011 while 73 percent of respondents believe the whole of 2011 will have improved conditions.

"Notably, the increasing optimism throughout the survey period is driven by domestic-oriented businesses. In contrast, among those that are focused on export markets only 40 percent are positive about current business conditions, although this does improve during 2011, rising to 60 percent," read the survey report published on the BoB website.