The Business Confidence Index (BCI) has continued its upward trend registering 84.2 points in April – up from the 83.2 points in March, the South African Chamber of Commerce and Industry (Sacci) revealed recently. The April 2010 figure is 2.8 points higher than in April 2009 and represents the second year-on-year increase in 30 months, BuaNews reports. According to Sacci, between April and March this year, nine BCI sub-indices had a positive effect on the BCI as it did between March and February. The index has been on an upward trajectory since the beginning of 2010. “Domestically, there is growing support for the view that most economic indicators have advanced beyond their lower turning points. The key economic constraint remains low levels of real household consumption expenditure which restrains stronger business activity,” said Sacci.
