Agbiz/IDC Agribusiness Confidence Index falls to the lowest level in 9 years
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Subsequent to a decline from 54 to 48 points in the third quarter of 2018, the Agbiz/IDC Agribusiness Confidence Index weakened further to 42 in the last quarter of the year. This is the lowest point since the fourth quarter of 2009. The results, which are below the neutral 50-point mark, imply that agribusinesses are downbeat about business conditions in South Africa. The survey was conducted in November and comprised agribusinesses operating in all agricultural subsectors across South Africa.
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