Business Confidence Index (BCI)
The Business Confidence Index (BCI) is a measure of the business sector’s perception of the current economic situations and a gauge of the impact of their decision making in determining their businesses concerns to the outlook of the economy. Lack of confidence among the business executives may ultimately slowdown crucial economic activities whereas some governmental initiatives have also been seen to stimulate the momentum of business and as such spur economic growth.
The BCI is expected to cover monthly inflation figures and interest rates, performance and expectations on sales figures and foreign investment, analysis of the labour market, current interest concerning the country’s political, economic and social situation.
The Business Confidence Index in The region is not new in its entirety, IPSOS SYNOVATE and KEPSA have produced the Business Leaders Confidence Index which is similar to the BCI.
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Index of Leading Economic Indicators (ILEI)
The ILEI (Index of Leading Economic Indicators) is designed to indicate the future direction of economic activity. A rising index signals that economic activity can be expected to increase in the near future. Typically, three consecutive monthly LEI changes in the same direction suggest a turning point in the economy. For example, consecutive negative readings would indicate a possible recession.
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