Econ­omy stirred, not shaken

The Times (South Africa) - - Business - Busi­nessLIVE

● 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. —

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