Business confidence dips in Q2

Business confidence has pulled back. The RMB/BER morale indicator declined to 42 in the first quarter, marking a level last seen in the second half of last year. The performance was largely driven by a fall in manufacturing confidence due to the impact of the floods in Kwazulu-Natal and load shedding. Business Day TV spoke to Ettienne le Roux, Chief Economist at RMB for his analysis of the print.