LightCastle Business Confidence Index (BCI) 2022-2023
The Business Confidence Index (BCI) 2022-2023 report assesses the sentiment of 167 key industry leaders in Bangladesh’s economy across 25+ industries, including MNCs, local conglomerates, start-ups, and SMEs. The study reflects the country’s journey amid the global geopolitical turmoil, in particular, affected by the Ukraine-Russian war.
Despite facing structural shifts, Bangladesh’s private sector has shown a positive outlook in cumulative business sentiment – an overall score of +6.69. Interestingly, the local SMEs have fared better (+14.91) than local conglomerates and MNCs (+6.31). The difference in scores is mainly driven by external factors as the performance of the larger organizations tends to fluctuate more significantly with the changes in the global market.
Source: Business Confidence Index (BCI) 2022-2023
While the 2023 BCI remains positive, it is relatively lower than the previous year (+28.69), indicating a subtle deceleration in overall business sentiment. Slower economic growth, rising costs, and reduced consumer demand have contributed to a lower but positive confidence index this fiscal year.
Source: Business Confidence Index (BCI) 2022-2023
Download full Report: https://www.lightcastlebd.com/wp-content/uploads/2023/10/BCI-Full-Draft-3.7.pdfSource: https://www.lightcastlebd.com/insights/2023/10/business-confidence-index-2023/
