Business sentiment rose ahead of the festive season but may wane in its aftermath - Adaderana Biz English bizenglish.adaderana.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizenglish.adaderana.lk Daily Mail and Mail on Sunday newspapers.
Sri Lanka’s corporates pause on how they view the outlook for business
March, 1, 2021
BIZ Confidence Stabilises
As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back to above the century mark, only to shift into reverse gear and end the calendar year at a lowly 83 on the BCI scale.
In August, a new government assumed power following a landslide victory at the general election – amid a lull in the spread of the virus, albeit temporarily – although the gains were soon wiped out with the onset of the second wave of the deadly virus.
Economic sentiment declines further – Survey ft.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ft.lk Daily Mail and Mail on Sunday newspapers.