Business confidence in economy rises to 29 index points

Business confidence in economy rises to 29 index points — CBN

By Elizabeth Adegbesan

Business Confidence Index rose by 1.7 index points to 29 index points in November indicating rising optimism in the nation’s macro economy condition.

The Central Bank of Nigeria (CBN) disclosed this in its latest Business Expectation Survey report.

The apex bank stated: “At 29.0 index points, the overall confidence index (CI) indicated respondents’ optimism on the overall macro economy in the month of November 2019. The business outlook for December 2019 showed greater confidence on the macro economy, with 59.9 index points.

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