Business confidence increases in third quarter, but still weak

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 75%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Business confidence stays below the mid-point of 50, which means local companies do not believe conditions favour doing business.

Business confidence increased in the third quarter, but is still weak, with the current level of the business confidence index suggesting two-thirds of respondents are dissatisfied with prevailing business conditions.

The challenges of relatively high interest rates, the resultant strain on consumers and social unrest meant business activity remained constrained but encouragingly, the slight reprieve in the incidence of load shedding provided support to some firms, especially in manufacturing, the BER said. Wholesaler confidence was up by 6 points to 38 although the sales volumes of consumer goods continued to struggle. Similarly, new vehicle dealer confidence moved higher to 30 , despite a further deterioration in sales and orders placed, while stock levels remained elevated.

Growth in exports also increased significantly. On a less positive note, the BER points out production costs remained elevated, as well as the rating of new demand and the political environment as business constraints. The results from the manufacturing sector are somewhat encouraging, although sentiment is weak.

“There is no doubt this had a detrimental effect on the economy in the third quarter. While some sectors were likely more affected than others, respondents lamented the lack of production due to staff shortages, as well as the cost of having to repair damage. The confidence of executives in the Western Cape nonetheless gained 4 points to record a level of 35, but it would likely have been higher if not for the disruption.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Junior Business/Data Analyst at Signature Business SolutionsPurpose of the Role: The candidate will be responsible to engage with the business to get an in-depth understanding of all current processes and document the future state of the business requirements. Once these requirements are gathered, the candidate will engage with various stakeholders in order to fulfil the business requirements and transition into a […]
La source: ITOnlineSA - 🏆 16. / 63 Lire la suite »

Junior Business/Data Analyst at Signature Business Solutions - Gauteng JohannesburgPurpose of the Role: The candidate will be responsible to engage with the business to get an in-depth understanding of all current processes and document the future state of the business requirements. Once these requirements are gathered, the candidate will engage with various stakeholders in order to fulfil the business requirements and transition into a […]
La source: ITOnlineSA - 🏆 16. / 63 Lire la suite »

Senior Business Analyst(Dynamics 365)The Senior Business Analyst will play a bridging role between IT and the Business. The role requires the potential candidate to comprehensively understand business processes and needs, translate them into technical requirements and oversee the implementation of such solutions in line with preferred project governance principles, in partnership with both the business client and technical […]
La source: ITOnlineSA - 🏆 16. / 63 Lire la suite »

Senior Business Analyst(Dynamics 365) - Gauteng IllovoThe Senior Business Analyst will play a bridging role between IT and the Business. The role requires the potential candidate to comprehensively understand business processes and needs, translate them into technical requirements and oversee the implementation of such solutions in line with preferred project governance principles, in partnership with both the business client and technical […]
La source: ITOnlineSA - 🏆 16. / 63 Lire la suite »

Junior Business Systems AnalystResponsible for being a change agent (Business Analyst) between the business and the Information Services Department, providing a crucial link between the two, engaging with stakeholders to establish requirements for the business, with regards to the Business Systems and Services that the Information Devices Department provides and supports. Additional support being provided as the ERP […]
La source: ITOnlineSA - 🏆 16. / 63 Lire la suite »

S.Africa's business confidence index inches up in third quarter -surveySouth Africa's business confidence edged higher in the third quarter as fewer power cuts provided respite to firms battling high-interest rates, according to a survey by a private investment bank.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »