Business confidence recovered from 20-year lows in the fourth quarter 2019, the first improvement in two years.
This is according to the latest RMB/BER Business Confidence Index for the fourth quarter, released on Wednesday.The BCI surveys 1,800 respondents across five sectors, namely manufacturers, building contractors, retailers, wholesalers and new vehicles dealers. It measures respondents’ views on prevailing business conditions as a proxy for business confidence.
Improvements in confidence came from three of the five sectors — the building, manufacturing and retail trade. But levels of confidence declined in new motor trade, while staying unchanged in the wholesale trade sector.
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