Business confidence falls in November

The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) declined to 92.8 in November from 94.9 in October.
The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) declined to 92.8 in November from 94.9 in October.
Image: 123RF/LE MOAL OLIVIER

SA business confidence fell in November compared to the previous month as both exports and imports dipped, data showed on Wednesday.

The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index (BCI) declined to 92.8 in November from 94.9 in October.

"The foreign trade account was the main malefactor that pulled the BCI down," SACCI said in a statement.

"Less merchandise import volumes and merchandise export volumes contributed to the decline in foreign trade experienced in November 2021," it said, adding higher inflation and uncertainty over energy supply also weighed on business sentiment.

Reuters

Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.