Economic sentiment wavers – survey

Saturday, 19 July 2025 01:12 - - {{hitsCtrl.values.hits}}

“The optimism seen in business circles in May appears to have faded quicker than expected, as sentiment shifted once again in June,” business magazine LMD reports, in its July edition.

LMD notes: “The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of June, sees a notable decline in optimism about the economy ‘improving’ over the next 12 months dropping to 56% – that’s a whopping 20 percentage point fall from May’s 76% outcome.”

However, it reports that 37% of respondents expect the economy to ‘stay the same,’ marking a 20% increase, while 7% believe it will ‘get worse.’ This result is the same as in the previous month, LMD adds.

The pioneering business magazine also reports that salespeople’s sentiment shifted upwards in June, following three consecutive months of decline with 83% saying they expect an improvement in sales volumes over the next 12 months.

“This marks a nine-point spike from May and signals the end of the downward trend that began in March,” it observes.

According to LMD, 16% of polled participants believe their sales numbers will ‘stay the same,’ which is notable eight point drop from 24% in the preceding month.

“Meanwhile, 69% of survey respondents report an ‘increase’ in sales volumes compared to the previous month, which represents a modest 3% rise from May’s 66%,” it adds.

The magazine’s July Cover Story features the 2025 edition of Sri Lanka best workplaces.

LMD’s latest cover story has been uploaded on its website (www.LMD.lk), its publisher Media Services announced.

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