Home / Front Page/ Economic sentiment deteriorates: Survey

Economic sentiment deteriorates: Survey

Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 9 January 2019 00:08


Sentiment surrounding the economy declined in December 2018, according to the latest LMD-Nielsen Business Confidence (BCI) poll. The unique survey reveals that only 4% of the business people spoken to by Nielsen expect the economy to improve in the next 12 months compared to 19% in the previous month.

In contrast, two-thirds of those polled say the economy “will get worse” with one corporate executive stating that “the investment climate and the economy are falling apart”. When it comes to business prospects, 14% and 24% of survey respondents expect sales volumes to improve in the short and long terms, respectively.

One of the businesspeople surveyed notes: “Currently, we’re facing a situation where there is a decrease in sales revenue mainly because of the impact of the dollar on our imports.”

As for the investment climate, only 2% (down from 7%) of respondents consider it to be ‘good’. 

A survey respondent explains: “Because of the poor country image these days, there’s hardly any investment coming in – and existing investments are being put on hold or pulled out, and it is very unlikely that this situation will be resolved any time soon.”

The publisher of LMD, Media Services, says the January edition of the magazine has been released to leading supermarkets and bookstores in Colombo and the outstations.

Its cover story examines the implications of the recent political instability on the state of the nation. 

For the full story, log onto www.LMD.lk.

Share This Article


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Unless addressed, wages issue will keeping troubling Bangladesh’s garment industry

Saturday, 19 January 2019

The recent week-long mass protests by garment workers in Bangladesh came to an end after an upward revision of wages for six classes of workers. But even after the upward revision, the Bangladeshi garment worker gets less than what workers in compara

Is GDP the ideal metric of the future?

Friday, 18 January 2019

In an age of stark contradictions, we live in a world where the exclusive 1% enjoy access to an abundance of wealth and resources but also a world where a billion people scarcely have enough to eat and have limited access to health and education. Whi

Evaluation of economic performance: 4 years into Yahapalana Government

Friday, 18 January 2019

The Yahapalana Government completed four years on 8 January this year. The four-year journey was a rough ride with a clear rift between the President and the UNP; the ruling party. The Government continues to face severe criticism from both inside an

Elimination of bribery and corruption

Friday, 18 January 2019

Bribery and corruption can be regarded as a malicious cancer that has penetrated into almost every strata of Sri Lankan state. It can be considered a major factor affecting Sri Lanka’s poverty, backwardness and indebtedness. Abuse of power by thos

Columnists More