Slight improvement in business confidence
The leading indicator of the IJG Business Climate Monitor reversed its trend of the past three months and rose to 40.63 in June – up from 39.58 the previous month.
The leading indicator is used to forecast the forthcoming pattern of the overall economy. Releasing the latest business climate monitor today, IJG Securities said the leading indicator has remained below the 50-point mark for almost two years now. Values below 50 points imply economic contraction.
Overall, the IJG Business Climate Monitor in June increased to 53.84 points from 53.16 in May.
The leading indicator is used to forecast the forthcoming pattern of the overall economy. Releasing the latest business climate monitor today, IJG Securities said the leading indicator has remained below the 50-point mark for almost two years now. Values below 50 points imply economic contraction.
Overall, the IJG Business Climate Monitor in June increased to 53.84 points from 53.16 in May.
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