TALKING POINT: DIP IN Q1 BUSINESS CONFIDENCE – WILL TBI REFLECT THE SAME?
The latest Rand Merchant Bank (RMB) business confidence index released in the week cites that South Africa’s business confidence rose slightly in the first quarter of 2016. The index rose to 40 points compared to 38 from the previous quarter, but is still significantly behind the neutral 50-mark which represents normal levels of business confidence. Many economy commentators are expressing concern that the latest index could hamper any efforts to boost economic growth.
Will the upcoming Tourism Business Index results reflect a similar picture?
One cannot help but to think that the low confidence reflected in the RMB Index (although slightly improved from 2016 Q4) will be mirrored in the upcoming TBI 2017 Q1 results. However, the buoyancy of the travel and tourism industry may yet surprise us as it has in the past, where tourism businesses have regularly expressed satisfactory business performance while other industries have expressed the exact opposite. We certainly hope this is the case once again.
Q1 Tourism Business Index Report is due for release in April. Click Here for the Q4 TBI Report
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