Business confidence is on the rise, with the Sacci Business Confidence Index (BCI) – released last week – edging up by 1.3 index points in December 2017 to 96.4 following the improved business mood in November last year. The BCI was nearly seven index points better in December 2017 than the lowest 2017 BCI level of 89.6 in August 2017. Starting at 97.7 in January 2017, the BCI dipped to below 90 in the middle of 2017, but then recovered lost ground to close 2017 at 96.4. The average for the BCI in 2017 was slightly up to 94.4 compared to the average of 93.5 for 2016. The business mood and business climate have been supplemented by traces of improvement in the financial markets, according to Sacci.
