Tue, 04 April 2023
A Business Confidence survey conducted by the Economic Statistics Directorate at the Information & eGovernment Authority (iGA) has indicated that 94.01 percent of investors expect a stability of business and economic environments during the first quarter of 2023. The survey results have also shown that 49.35 percent of companies expect stability in their business performance while 44.66 percent expected an improvement in business performance.
The survey revealed that 87.81 percent of businesses experienced a range of economic stability to optimistic performance during Q1 of 2023, i.e 57.14 percent revealed a stability in their performance, while 30.6 percent experienced satisfactory performance. A significant 12.19 percent of the sample has shown dissatisfaction with their business performance during Q1 of 2023.
Business Confidence Indices are measured based on surveys carried out by iGA on a sample of the business community covering micro, small and medium enterprises as well as large enterprises. The range includes businesses that are classified as foreign and local investments with large capitals and those which include foreign shareholders (as registered in their records). The survey’s scope covers all active establishments registered at the Ministry of Industry, Commerce (MOIC), as well enterprises licensed by Central Bank of Bahrain (CBB).