Business confidence surpasses pre-crisis level: survey

 
“Given the continuing weakness in the global markets, strong business confidence in national economic policies implies that commercial policies will be much more aligned with domestic economic policy directions,” the survey prepared by the leading economic think-tank NCAER and Mastercard said here on Thursday.

The business confidence index went up by 21 per cent in October at 143.7 points as compared to 119.9 in October 2008, according to the survey.

Released every quarter, the index is based on survey indicators relating to overall economic conditions and financial positions of companies in the next six months, investment climate and level of capacity utilisation.

The survey, which received 545 responses in the latest round, also looked at trends within company-specific business outlook indicators, including a political confidence index. The responses also indicated that the adverse impact is less widely expected in 2009-10 as compared to 2008-09.

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