Drought worries push agribusiness confidence down in fourth quarter
The index is below 50 for the sixth-consecutive quarter, the longest period of subdued confidence in almost a decade
05 December 2019 - 13:39
Agribusinesses are slightly less optimistic about business conditions due to drought and unfavourable government policies, according to the Agbiz/IDC confidence index, which fell slightly in the fourth quarter of 2019.
The index, which gauges among other things, capital investment, exports and operating income for SA’s agribusinesses, declined to 44 points from 46 in the third quarter, with the export subindex plunging 11 points to 39...
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