The NCAER-National Stock Exchange business confidence index (BCI) was higher at 126.6 in the third quarter of 2022-23 than the year-ago's level of 124.4.
The share of positive responses increased for the component 'overall economic conditions will improve in the next six months' and remained unchanged for the component 'present investment climate is positive'.
Sentiments pertaining to firms' own conditions, however, softened between the two quarters for the following components: ‘financial position of firm will improve in the next six months' and 'present capacity utilisation is close to or above the optimal level', the think tank added.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
