Business confidence weighed down by load shedding - TechCentral

Business Confidence Index declined for a fifth consecutive quarter in the second quarter of 2023, down nine points from the first quarter to 27 points – the lowest level of confidence since 2020.

The gloomy sentiment was shared among respondents, with three of the five sectors seeing their confidence level decline while the other two remained unchanged. The third sector where business confidence declined was wholesale traders. Confidence declined by eight to 32 index points in the second quarter as sales volumes of consumer goods came under pressure. Like most other sectors, the wholesale confidence level is well below its long-term average level.

This underscores that there is more dragging down confidence than just a drop in output. Respondents flagged load shedding as a continued drag on sentiment as it hurts production capacity, increases costs and negatively affects profitability.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

TCS+ | Arctic Wolf on managing security threats to SA business - TechCentralPromoted | Arctic Wolf's Ian McShane provides insights into how organisations can improve their security posture despite the dearth of experienced personnel.
출처: TechCentral - 🏆 8. / 71 더 많은 것을 읽으십시오 »

State's 'hostile overregulation' is killing business: FMF - TechCentralInstead of kowtowing to government, business should insist the state steps aside, the Free Market Foundation has argued.
출처: TechCentral - 🏆 8. / 71 더 많은 것을 읽으십시오 »