Business confidence improves in the second quarter, but businesses still gloomy

Business confidence improved in the second quarter, but businesses were still quite gloomy ahead of the election when the survey was done.

However, he says, we must wait and see the implications of coalition arrangement on policy and the business environment, as well as the sustainability of the improvement in the energy availability factor observed over the past two months before we can draw any link to the BCI in future. “On balance, sales volumes were better, largely driven by durable goods, with hardware retailers a notable outperformer. In contrast, sales volumes for non-durables declined as selling prices increased.

On the other hand, confidence among new vehicle dealers, who are arguably most sensitive to the prevailing high borrowing costs and subdued consumer demand, declined by 6 points to 10%. “Of concern and consistent with lower levels of business confidence, the growth in gross fixed capital formation contracted for the third consecutive quarter in the first quarter. The survey results point to some lift in activity in the second quarter.

For this to materialise, the new administration must accelerate the implementation of the structural economic reforms started in the previous administration to improve the business operating environment of the South African economy.”

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.

Here’s why MTN Business won the 2024 MyBroadband Award for Best Business ICT Solutions ProviderMTN Business boasts an extensive market presence, high client satisfaction, and a reputation for innovation.
La source: mybroadband - 🏆 11. / 67 Lire la suite »

Empower Your Business with Vodacom 4U and Vodacom Business ProductsAre you a young entrepreneur aiming to carve your niche in the market? Or perhaps you oversee a small to medium-sized enterprise striving for growth and operational efficiency? Look no further than Vodacom 4U, your trusted ally in harnessing state-of-the-art solutions tailored to your business requirements.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

Empower Your Business with Vodacom 4U and Vodacom Business ProductsAre you a young entrepreneur aiming to carve your niche in the market? Or perhaps you oversee a small to medium-sized enterprise striving for growth and operational efficiency? Look no further than Vodacom 4U.
La source: mybroadband - 🏆 11. / 67 Lire la suite »

Business casual sneakers: what to wear for a smart office lookBusiness casual involves combining traditional business attire with casual components such as sneakers. Discover the best business casual sneakers.
La source: brieflyza - 🏆 10. / 68 Lire la suite »

– An excellent business opportunity from a world-class brandCash Converters franchise owners can benefit from the company’s 40 years of global experience, 30-plus years of local experience, and its commitment to serving the needs of the South African consumer.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »