Business Conditions Index 2nd Quarter 2021

Survey At A Glance

The BCI fell 24.3 points quarter-on-quarter to 87.5 in 2Q2021. The Expected Index (EI) declined to 110, largely attributable to weak expected production and export sales. Sales in 2Q2021 declined sharply, with 47% of the respondents reporting poor sales, up from 27% in 1Q2021. Lower domestic and external demand have also led to a downtrend in domestic and export orders, as well as capital expenditure. 58% and 29% of the respondents reported receiving smaller domestic orders and export orders in 2Q2021, respectively. Business conditions are expected to remain weak in the coming months.