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Agribusiness Confidence Declines in Q4, 2019

The Agbiz/IDC Agribusiness Confidence Index (ACI) fell slightly from 46 points in the third quarter to 44 in the last quarter of 2019.

A level below the neutral 50-point mark implies that agribusinesses are still downbeat about business conditions in South Africa. This has been the case over the past six quarters, which is the longest period the index has trended below 50 points since 2010. The survey was conducted in November and covers of agribusinesses operating in all agricultural subsectors across South Africa.

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