SA's business confidence rises

Friday, March 05, 2010

The South African Chamber of Commerce and Industry's (Sacci's) Business Confidence Index (BCI) responded to positive medium-term economic developments and rose to 83 points in February, rebounding by 1,8 points on the 81,2 recorded in January.

The BCI had lost some momentum over the festive season and had dropped by 2,3 points month-on-month in January.

Sacci on Wednesday noted that while only six of the thirteen subindices had had a positive impact on the index in February, compared with nine in January, the lower liquidations data and increased manufacturing output had had a significant impact on the BCI in February.

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