Current Affairs - April, 2019Economy & Banking Dose

D&B report cited Business Sentiments down by 7.7% for Q2 in 2019 – GK Dose

D&B report cited Business Sentiments down by 7.7% for Q2 in 2019

According to Dun & Bradstreet (D&B) report, business sentiments on country’s financial and macroeconomic conditions continue to decline in the second quarter of 2019 as compared to second quarter in 2019. D&B Composite Business Optimism Index conclude 78.4 score during Q2 2019 as compare to 85.0 during Q2 2018, a decline of 7.7%.

Key Highlights 
i. According to D&B index the business sentiments were improved by 6.3% compared to the first quarter of 2019.
ii. The Q1 decline in the business sentiments were because of unfolding of bank frauds and the tightening norms of LoUs and LoCs which result into the liquidity reduction.
iii. The marginal improvement in the business sentiment in Q2 as compare to Q1 was mainly due to monetary and liquidity easing, steady inflow of foreign investments, increased forex reserves among others.

About Dun & Bradstreet (D&B)
♦ Headquarter: New Jersey, United States
♦ CEO: Anthony Jabbour

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