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Moderate correction in Business Confidence..

Date Uploaded: June 08 2010 12:03


The RMB/BER business confidence index (BCI) decreased by 7 index points, from 43 in 2010Q1 to 36 during 2010Q2. The decline in the BCI does not indicate an end to the economic recovery, but rather a reality check on the 15-year record leap of the previous quarter. The main reason indicated for the decline was a lack of demand from both SA consumers and export markets. As a consequence, job creation may suffer somewhat.