BER Research Note

Research Notes
Comments
Political Comments
Impumelelo Economic Growth Lab

BER Research Note

Research Notes are more in-depth analyses undertaken by BER economists and consultants. They are intended to inform clients on critical issues in the macroeconomic environment, which may impact on the business environment. Research Notes are exclusive to BER Premium Insights Service clients. For more information, contact us.

Back to Documents

RMB/BER BCI - Cyclical downturns are shaded

Date Uploaded: November 25 2014 12:00


The RMB/BER business confidence index (BCI) increased from 46 in the third quarter to 51 in the fourth quarter of 2014. This is the first time since early 2013 that confidence is back in net positive territory (if only just). The increase stemmed from large improvements in building and manufacturing confidence which, combined, more than compensated for a small decline in retail confidence. Sentiment among wholesalers and new vehicle dealers remained essentially unchanged.