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June business confidence recovers from 11-year low in May

03 Jul 2019

Business confidence in Sri Lanka has recovered from a constant decline since February which was exacerbated by the Easter attacks, according to the LMD-Nielsen Business Confidence Index (BCI) survey. The results of the latest survey carried out in the first week of June signals a much needed improvement following the 11 year low of 62 the BCI hit in May, increasing by 19 basis points to 81 in June. The index stood at 102 a year ago and the average for the last 12 months is 91. “The country is gradually emerging from the terrible events of April. There is some level of optimism and discussions at various forums about how Sri Lanka should turn this into an opportunity to come back stronger – politically, socially and economically,” says Nielsen’s Managing Director Sharang Pant. He also asserts that “the authorities are taking commendable steps to revive perceptions about safety and business sentiment. But citizens in general remain wary of the safety aspect – and this is impacting sentiment or confidence in general.” With respect to recent events, Pant observes: “While tourism was impacted, positive news on export growth and a decline in imports are helping sentiment. The rupee has also remained firm during this crisis period.”

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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