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The Business Climate Index (BCI) remained below full potential for the ninth consecutive quarter since the first quarter of 2020. Business perceptions in the current quarter (January-March 2022) declined slightly by 6 basis points from 86 in the previous quarter (October-December 2021) to 80 in the current quarter (January-March 2022). The decline in business sentiments was primarily driven by a slight decline in capacity utilisation, increased product costs, salary, and a decline in the general business environment.
On a sector basis, there was a decline in the condition for doing business in the manufacturing and agriculture sector and a slight improvement in the services sector.
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- Published Jun 24, 2022