Business Confidence Index up
By Our Corporate Bureau | 31 May 2004
New
Delhi: The Business Confidence Index (BCI) of the
Confederation of Indian Industry (CII) for April-September
this year indicates that there is an increase in the positive
confidence amongst the domestic industrial community.
In a release, the CII has said that the BCI for April- September this year stands at 66.05 points which is an improvement of 1.15 points over the previous period (October 03-March 04). The Index is a part of the 61st Business Outlook Survey of the chamber.
The Index is constructed as a weighted average of the Current Situation Index (CSI) and the Expectations Index (EI). The upward movement of the index within the 50-75 points range reflects that there is an increase in the positive confidence amongst the industrial community in the country.
The Current Situation Index stands at 65.2 and has shown a gain of 5 points over the previous period. The statement points out that this exhibits that industry perceives the present conditions to be better off than what they were six months back.
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