Economy stirred, not shaken
● The RMB/BER business confidence index for the third quarter showed an economy still in the doldrums, though it rebounded slightly from the dismal secondquarter plunge.
The BCI came in at 35 points — up from
29 points in the prior quarter but still far below the above-50 level that indicates expansion.
RMB chief economist Ettienne le Roux said there had been ”no major new unsettling political events” in the period.
Since 2008, the BCI has been above the neutral 50-point mark on only four occasions. —