Ghana Business Communities

Powered by Africa Business Communities

Africa Business Confidence Index continues to show growth

Manufacturing index 53.8 and non-manufacturing index 57.1, both numbers still indicating growth for the 5th consecutive month; manufacturing down by 0.9 percentage points; non-manufacturing 1.1 percent point higher compared to April.


Amsterdam, June 2, 2011. The Africa Business Confidence Index (ABCI) for May shows growth in both the index for manufacturing and non-manufacturing sectors in Africa. The difference compared to April in the manufacturing index shows a decrease in business confidence of 0.9 percentage points, the non-manufacturing business confidence shows a plus of 1.1 percentage points. The index measures business confidence in the manufacturing and non-manufacturing private sector throughout Africa. Results are published on a monthly basis.


The May ABCI results indicate confidence and growth with an index of 53.8 and 57.1 for the manufacturing
and non-manufacturing sectors respectively. A level of 50 and above indicates expansion. Business professionals from 30 countries in Africa participated in the survey making the results a reliable gauge and early indicator of the underlying economic activity on the African continent.


Lourens van Niekerk, Senior Manager at Standard Bank, South Africa: "Angola is still growing economy at massive speed and with the oil price appreciation it's bound to continue. Distinct lack of certain products and services is growing instead of declining and makes Angola a frontier market of the first order. Also watch stock exchange developments, construction, green sector and professional services. SA's strategy after joining BRIC is still to be ironed out, but inclusion can only lead to uptick in trade. Using SA as springboard into rest of Africa is an attractive option for investors and would not be surprised to see initiatives developed by govt to encourage this.  Ghana's first oil has been sold and economic and political stability persists. Trade with neighboring giant Nigeria is a key theme and Accra is an attractive city from which to do business with West Africa."

 

The ABCI follows a similar methodology and logic as the PMI indices which set the global standard. Members of the Africa Business Panel are business professionals and entrepreneurs working in Africa’s private sector. On a monthly basis they are invited to report change from the previous month on the following indicators: new orders, production, employment, supplier deliveries, inventories, costumer inventories, prices paid, backlog of orders, new export orders and imports for the manufacturing sector, and similar indicators for the non-manufacturing sector. For more information on the survey and index methodology please visit www.africabusinesspanel.com



May ABCI Results Highlights:


Private sector business confidence index for the African continent

  • African business professionals from 30 countries in Africa participated in this survey
  • Manufacturing sector confidence index 53.8; non-manufacturing 57.1
  • These levels indicate expansion for manufacturing and non- manufacturing sectors in May compared to April

About Africa Business Panel


Africa Business Panel (ABP) is a joint initiative of Africa Business Communities (www.africabusinesscommunities.com) , a fast-growing network of African entrepreneurs and business professionals, and NarrowMinds (www.narrowminds.com), a leading architect of online market research and loyalty programs.

Africa Business Panel generates reliable indices on business developments and economic outlook in Africa. In doing so, Africa Business Panel wishes to contribute to the continent’s business reputation and produce in-depth market research data for governments, the business community and international organizations. Africa Business Panel provides intelligent matches for African business professionals with the rest of the world which results in promising business opportunities.


Join the Panel

Business professionals based in Africa are invited to join the Africa Business Panel. As a member of the Panel your insights and opinions directly contribute to the Africa Business Confidence Index. Panel members benefit by participating: the outcome of the survey results are shared with Panel members directly and in greater detail than with non-members. All surveys are permission based, allowing you to decide when and to what degree you wish to participate. Your personal details are treated strictly confidential by the Africa Business Panel. No personal information is ever published or sold to third parties. If you qualify, please go to www.africabusinesspanel.com and click on Register and shine your light on the business climate in Africa.

 

For more information:

Africa Business Panel/NarrowMinds

Martin de Koning

+31 6 558 22 409

Van Heenvlietlaan 220

1083 CN Amsterdam

The Netherlands

Views: 25

Tags: Africa, Business, Confidence, Index, continues, growth, show, to

Comment

You need to be a member of Ghana Business Communities to add comments!

Join Ghana Business Communities

Comment by Mahendra Jain on April 27, 2015 at 3:29pm

For genuine and Serious inquiry of any form of banking instrument (BG/SBLC/MTN/DLC/LC) Which can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication,automobile, construction of Dams, Bridges, Real Estate and all kind of projects, We offer these from a genuine and certifiable finance company as the provider hence we are able finance your signatory projects and help you enhance your business plan. Furthermore,My Provider's swift carries tracking code with answerback,we can deliver at affordable price to our customers in other to derive maximum utility.for lease and/or sale from a genuine and reliable source without broker chain / joker broker story or chauffer driven offer while having your required time frame in mind.
We will be glad to share our working procedures with you upon request to help us proceed towards closing deals effectively.
Thank You

Contact : Mr. Mahendra Jain
Email :Draj.bgbroker@gmail.com
Skype ID: Jaindra.bglease

Ghana Business News

[Ghana] Standard Chartered Bank sees growth

Standard Chartered Bank has seen growth in total assets, interest income, loans and advances and profit before tax despite the challenging economic environment of 2014 that has continued in 2015.

[Ghana]Tigo improves network quality

Following the upgrade of its microwave backbone between Accra and Takoradi, Tigo, a telecom operator, says its customers along the stretch would continue to enjoy a seamless connection every time there is a fibre cut.

Vivo Energy Ghana honours its retailers

Vivo Energy Ghana, the company that distributes and markets Shell branded fuels and lubricants, has rewarded its retailers, quality marshals and a territory manager at a special ceremony held in Koforidua in the Eastern Region.

HFC Bank to be among top three banks – Le Hunte

Republic Bank, the majority owner of HFC Bank, has set itself an ambitious target to position HFC bank among the first top three banks in the country in the next three years.

Bank of Ghana Issues GHc630m 3-Yr Bond Today

The central bank of Ghana will today issue a three-year GHc630million (US$158million) bond to raise funds for settling maturing debts, the head of Treasury said on Monday.

Africa Business Panel | B2B Market Research

As a valued LinkedIn group member, we invite you to join a prestigious online community.


The Africa Business Panel is open exclusively to business men and women engaged in business on the African continent.

 

As a participant in the African Business Panel, you will benefit in several ways and at the same time, you will have no obligations whatsoever. You will decide if and when you want to participate. However, the more you participate in surveys, the better your chances of benefiting from your membership.

Click here to join now

Badge

Loading…

© 2015   Created by Sebastian Vlugt.

Badges  |  Report an Issue  |  Terms of Service