Agribusiness confidence declines for second straight quarter
Gauge remains well above the neutral 50-point mark, but Agbiz warns the positive situation shouldn’t be taken for granted
14 June 2022 - 16:01
Uncertainty triggered by recent geopolitical tensions, a general slowdown in the global economy, as well as domestic concerns such as load-shedding weighed heavily on business confidence in the farming sector during the second quarter of 2022.
The Agricultural Business Chamber of SA (Agbiz)/IDC agribusiness confidence index moderated a further 2 points to 60 after a 12-point decline in the first quarter. The index had reached its second-highest level on record in the fourth quarter of 2021...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.