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RMB/BER Business Confidence Index stabilises after second-quarter setback
RMB/BER Business Confidence Index stabilises after second-quarter setback
The Business Confidence Index (BCI) published by financial services firm RMB and economic research organisation the Bureau for Economic Research (BER) edged down by one point to 38 in the third quarter, slightly down from the 39 recorded in the second quarter.
The index indicates that this level of confidence implies that 62% of respondents remain dissatisfied with prevailing business conditions.
Taking a longer-term perspective, the index remains slightly below its long-term average of 40 and well below the recent high…
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