India Business Confidence

Business Confidence in India increased to 54.90 in the fourth quarter of 2013 from 45.70 in the third quarter of 2013. Business Confidence in India is reported by the Confederation of Indian Industry (CII). From 2005 until 2013, India Business Confidence averaged 59.3 reaching an all time high of 71.8 in March of 2007 and a record low of 45.7 in September of 2013. In India, the Business Confidence Index (BCI) is based on a sample size of around 300 companies covering all industry sectors, including small, medium and large enterprises from different regions. BCI is calculated as a weighted average of the Current Situation Index (CSI) and the Expectation Index (EI), with greater weight given to EI as compared to CSI. These indices are based on three questions on the performance of the economy, respondent’s industry and respondent’s company. Respondents are asked to rate the current and expected performance on a scale of 0 to 100. A score above 50 indicates positive confidence while a score above 75 would indicate strong positive confidence. This page provides - India Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
54.90 45.70 71.80 45.70 52.32 | 2014/06 2005 - 2013 Quarterly

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India Business Confidence
LIST BY COUNTRY

Business Last Previous Highest Lowest Forecast Unit
Car Registrations 234751.00 2014-03-15 216491.00 301817.00 6508.00 189306.22 2014-06-30 Cars [+]
Changes in Inventories 266.92 2013-11-15 560.74 597.31 184.29 348.04 2014-06-30 INR Billion [+]
Manufacturing PMI 51.30 2014-03-15 52.50 55.00 48.50 49.49 2014-06-30 [+]
Manufacturing Production -3.70 2014-02-15 0.00 24.30 -9.10 -2.33 2014-06-30 Percent [+]
Services PMI 47.50 2014-03-31 48.80 57.50 44.60 51.47 2014-06-30 Index Points [+]
Industrial Production -1.90 2014-02-28 0.80 20.00 -7.20 1.63 2014-06-30 Percent [+]
Business Confidence 54.90 2013-12-31 45.70 71.80 45.70 52.32 2014-06-30 [+]
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Business Confidence | Notes
The Business Confidence Index is an indicator designed to measure the degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases.


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