IMA’s Q3FY23 (Oct-Dec) quarterly Business Confidence and Performance Index (BCPI) survey reveals a continued fall in business optimism. At 57, the headline index dropped by 4 points from Q2. (On each parameter, numbers above 50 indicate net optimism while those below 50 suggest net pessimism.) Out of the three broad factors driving the index, companies are most bothered about the macroeconomic outlook. In comparison, business performance has edged down mildly while Capex intent, though lower than three months ago, remains robust at ~60.
At a joint webinar of CEO-CFO-CMO-CHRO Forums, we presented the findings of our quarterly Business Confidence and Performance Index (BCPI) survey, including sector-specific results. The session was then opened to the members for an open-house discussion about the state of their business and their outlook. This podcast summarises the discussion.