# The RMB/BER Business Confidence Index slipped by two points to 31 in the fourth quarter of this year. This means that less than a third of respondents to the survey were satisfied with prevailing business conditions. Business confidence was largely unchanged in three of the sectors, but a 15-point rise in retail confidence was outweighed by a steep 24-point drop in the confidence of new vehicle dealers. The business environment remained difficult in the fourth quarter, as business conditions deteriorated, against expectations.
Business Confidence Index deteriorated among new vehicle dealers, but retailers are upbeat