SHRINKING ECONOMY: Rolling blackouts dim business confidence, but solar panels a ray of contractor light – RMB/BER

The BCI declined to 36 in Q1 from 38 in Q4 last year, when the economy contracted 1.3%. This is further evidence, if any was needed, that the economy is shrinking again this quarter, meaning it has fallen into recession.

“Fixed investment to expand existing production capacity also suffered as demand weakened and capital expenditure budgets were increasingly absorbed by alternative energy generation measures.” “Confidence of building contractors, the group which is captured in the RMB/BER BCI, declined marginally from 46 to 43 … Strikingly, if we also consider sub-contractors – particularly electricians – confidence and activity in the overall building sector rose massively thanks largely to the installation of backup power. At least for some, load shedding seems to have a silver lining,” RMB said.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business confidence in South Africa continues to circle the drainThe latest RMB/BER Business Confidence Index shows warning signs for business in South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Business confidence falls in first quarter but boon for those who install backup powerManufacturing confidence crashed in the reporting period, hit by the frequency of power cuts and poorly run logistics infrastructure
Source: BDliveSA - 🏆 12. / 63 Read more »

Load shedding sends business confidence over a cliff - TechCentralBusiness sentiment declined to a two-year low in the first quarter as severe power outages and dilapidated logistics networks hobbled economic activity.
Source: TechCentral - 🏆 8. / 71 Read more »

Business mood nosedives to two-year low on load shedding | BusinessSouth African business sentiment declined to a two-year low in the first quarter as severe power outages and dilapidated logistics networks hobbled economic activity. | News24_Business _Business Vote 🗳️ vote 🗳️ vote 🗳️ f…. Anc _Business I'm tired of pretending Please educate... What does 'declined to a 2-year low' mean _Business Today I closed my once very successful business. Lot of people without jobs now. Families without an income. I had enough.... immigrating to New Zealand in a month. Good luck SA... I wish you all the very best!
Source: News24 - 🏆 4. / 80 Read more »

EDITORIAL: Reshuffle fails to cultivate market confidencePresident is not looking beyond ANC’s narrow interests to tackle SA’s most pressing problems
Source: BDliveSA - 🏆 12. / 63 Read more »