89pc Bahraini investors see stable investment climate in Q2
MANAMA, July 6, 2022
The Kingdom of Bahrain’s Business Confidence Index (BCI) has shown that 89% of investors expect stability in the investment climate in the second quarter (Q2) of this year.
The Business Performance index stood at 98.13 points in Q2 of 2022 compared to 95.46 points registered in Q1 of 2022, an increase of 2.67 points or 2.80% than the previous quarter. The current index has shown a rise of 13.01 points compared to the same period of 2021.
The quarterly survey measured business confidence by company size, industry, and investment type. A positive outlook overall was recorded in the BCI’s business performance, profits, and competition sub-indices in Q2 2022.
Optimistic outlook
The results revealed that 89% of companies have a stable to optimistic outlook, which is an increase of 1.25% compared to the previous quarter. 48.1% of companies expect a stable business performance, while 40.9% anticipate improvement.
The survey revealed that a total of 80.8% of companies experienced stable to favourable business performance during Q1 of 2022, where 59.1% of companies revealed stability in their performance, while 21.7% expressed satisfaction. In contrast, 19.2% of the companies showed dissatisfaction with their business performance.
The availability of this information helps foster an investor-friendly and competitive business environment, allowing decision-makers to take appropriate actions based on confidence levels relative to company size, industry, and investment type.
Business confidence indices are calculated using the results of quarterly surveys carried out by iGA on a sample of the business community. These range from micro to large enterprises, including those classified as foreign and local investments (as indicated by the information in their commercial registrations). The survey’s aim is to provide an indicator of the confidence levels of active establishments registered at the Ministry of Industry, Commerce & Tourism, as well as those licensed by Central Bank of Bahrain (CBB).-- TradeArabia News Service
