Con­fi­dence index de­clines fur­ther

The Poultry Bulletin - - CONTENTS -

The third quar­ter re­sults of the Ag­biz/ IDC Agribusi­ness Con­fi­dence Index un­der­line the sec­tor’s rep­u­ta­tion of be­ing coun­ter­cycli­cal. Although con­fi­dence in other sec­tors of the econ­omy re­mains sub­dued, the agribusi­ness sec­tor is still op­ti­mistic about busi­ness con­di­tions in the coun­try, al­beit de­clin­ing marginally in the third quar­ter. Af­ter de­clin­ing by one index point in the sec­ond quar­ter of this year, the Ag­biz/idc Agribusi­ness Con­fi­dence Index de­clined fur­ther by two Index points in the third quar­ter to 54 points.

Among the ten sub-in­dices mak­ing up the Ag­biz/idc Agribusi­ness Con­fi­dence Index, the quar­terly de­cline was broad based, ex­cept for turnover and cap­i­tal in­vest­ment.

Although there are sev­eral fac­tors driv­ing sen­ti­ment of the other sub-in­dices, the un­favourable weather con­di­tions in the West­ern Cape and rel­a­tively lower global de­mand for maize ex­ports were key driv­ers of the de­cline in sen­ti­ment.¡

The ar­ti­cles above have been writ­ten or com­piled by the Ed­i­tor and do not nec­es­sar­ily rep­re­sent the views, opin­ions or po­si­tions of SAPA.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.