Agriculture sector performs above potential but business deteriorates owing to underperformance in the manufacturing and service sectors

Agriculture sector performs above potential but business deteriorates owing to underperformance in the manufacturing and service sectors

The Business Climate Index (BCI) declined by more than six basis points from 96.53 in the previous quarter (January - March 2018) to 90.40 in the current quarter (April - June 2018). The below potential performance was largely driven by poor performance in the manufacturing and services sectors. Business perception in these two sectors was challenged by continued weakening of the local currency, rising energy costs and perceived unfavourable tax policy which reduced business activity and sales turnover. 

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Created Date: 11-21-2018
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