Biz confidence bounces back

Saturday, 31 May 2025 01:18 - - {{hitsCtrl.values.hits}}

“The barometer of business confidence rebounds sharply despite the state of play,” leading business magazine LMD reports, in its soon to be released June edition.

In an exclusive release to the Daily FT, the magazine notes that “the Business Confidence Index (BCI) bounced back in May, to nearly where it stood two months ago.”

LMD continues: “It climbed by 24 basis points to reach 196 – up from 172 in April – apparently buoyed by the conclusion of LG elections. This marks a recovery from April’s free fall, following the index’s all-time equalling high of 204 in February and a strong showing in March (197).”

The magazine asserts that “despite recent fluctuations, however, the BCI remains firmly above key benchmarks – at a healthy 72 points above its all-time median of 124 and 44 points higher than the 12-month average (152).” A spokesperson for the leading magazine adds: “For context, the index languished at 99 in the same month last year.”

According to PepperCube Consultants, the surge in confidence “reflects a modest rebound in business sentiment, driven primarily by a decline in negative outlooks and rising positivity.”

“This spike in the index comes as a surprise – we’re inclined to say that a turnaround of this magnitude is hard to explain, given the backdrop of issues and risks facing the nation at this point in time,” the spokesperson adds.

Media Services, LMD’s publisher, says the June edition of the magazine will be released shortly. Its digital version has shared on the publisher’s social media platforms (and the full BCI report will be uploaded on its website – www.LMD.lk).

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