Business confidence in gradual recovery

The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) continued its gradual recovery in April, coming in at 82.5.

Although still 7.4 index points below the April 2015 level, the Index has improved by 1.3 index points on March 2016.

The largest negative year-on-year impacts on the BCI came from the rand exchange rate, merchandise export volumes, share prices and new vehicle sales, said Sacci economist Richard Downing.

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