Home / Front Page/ Biz confidence rises for fourth consecutive month

Biz confidence rises for fourth consecutive month

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 6 February 2018 00:31


The latest edition of business magazine LMD reports an increase of five basis points in the LMD-Nielsen Business Confidence Index (BCI), from 122 in December to 127 in January. 

LMD notes that this is the first time since June 2016 that the BCI has improved over four consecutive months with the index standing nine basis points above its 12 month average.

Nielsen’s Managing Director Sharang Pant notes in the February of the magazine that “apart from visible activity in the construction or infrastructure space, business leaders say the Government’s efforts to improve the investment climate are bearing fruit and foreign direct investment (FDI) in specific sectors is increasing.”

He adds: “They do point to the fact that demand for consumption has not yet picked up as inflation is still on the high side. Efforts by the Government to offer price relief… may help shore up consumption levels.” The exclusive monthly survey reveals that 23% of respondents expect the economy to improve in the next 12 months with one businessperson citing infrastructure growth as a sign of progress.

In terms of business prospects, LMD notes that a majority of those polled believe business prospects are improving with more respondents expecting sales volumes to increase in the long (38%) and short terms (35%) than in the previous month (28% and 22% respectively).

The magazine states that sentiment regarding the investment climate has waned with one in five perceiving the outlook to be bright compared with a quarter of Nielsen’s sample population in the previous month.

A spokesperson for LMD asserts that while the index is moving in the right direction, the 10 February LG elections may prove to be a challenge in the short term: “The outcome and aftermath of the polls are likely to impact business confidence at least in the near term.”

Media Services, LMD’s publisher, says the February edition of the magazine will be released to leading bookstores and supermarkets on 9 February (for the full BCI report, visit www.LMD.lk).

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Difference between a woman and a man (yin and yang) and finding solutions to violence in society

Thursday, 18 July 2019

This is not at all a philosophical discourse on gender differences, or the complementary roles of yin and yang (women and men) in social or biological formation. This is also not to speak about who is superior among the two. This is just an observati

I wish Sajith Premadasa had taken up a challenging ministry to showcase his prowess

Thursday, 18 July 2019

Expectations, father and son Sajith Premadasa has put his hands up for leadership in the party and for nomination by the United National Party in the forthcoming presidential elections. I wish Sajith had tested himself, and had given the public a cha

Foreign Affairs and Defence to be one portfolio?

Thursday, 18 July 2019

Unless we are all suffering from dementia, the last experience with a foreign military on our soil should be very clear in our heads. The Indian Peace Keeping Force landed in Sri Lanka to supposedly bring peace to the war-torn country when the LTTE t

Federer lessons for Sri Lanka tourism

Thursday, 18 July 2019

The Wimbledon Men’s Final in 2008 was termed as the best match the world has seen between the two arch rivals Federer and Nadal. But, what we saw last Sunday between the two of them after 11 years sure shocked the world. Many just asked the questio

Columnists More