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PRESS RELEASE
BRUNEI DARUSSALAM CENTRAL BANK
BUSINESS SENTIMENT INDEX (BSI) FOR BRUNEI DARUSSALAM
FOR DECEMBER 2021
1. Brunei Darussalam Central Financial institution (BDCB) as we speak printed Brunei Darussalam’s Enterprise Sentiment Index (BSI) for the month of December 2021 primarily based on the surveys carried out on chosen companies of assorted sizes starting from micro to massive, from all financial sectors in Brunei Darussalam in all 4 (4) districts.
2. The month-to-month index is designed to measure the extent of enterprise confidence/sentiment within the nation and canopy numerous elements of the companies the place the overall questions cowl present and future enterprise circumstances, present and future investments, present and future employment of staff, in addition to present and future prices of operating the companies. BSI serves as a number one macroeconomic indicator with its forward-looking ingredient.
3. The BSI and sub-indices will be interpreted as beneath:
4. Throughout the BSI, there are 9 (9) sub-indices. The Present Enterprise Situations sub-index, which is the primary headline index for the BSI, was 50.3 in December 2021. Alhamdulillah, this was the third growth after the BSI recorded a contraction in September 2021 and this growth was noticed throughout totally different sectors in comparison with the earlier month. The second COVID-19 outbreak in early August 2021 has brought about lots of disruptions and introduced numerous challenges and uncertainties to companies. With the graduation of the Transition Section since 19 November 2021 and the relief of sure measures the place some companies have been allowed to renew operations, extra optimistic views have been recorded shifting ahead with the index for the one month (1M) Forward Enterprise Situations at 50.4.
5. The Funding sub-index was 50.0 for the present month in comparison with 49.9 in November 2021, 50.3 for the month forward and 50.6 for the following three (3) months, indicating that companies typically invested extra in December 2021 in comparison with November 2021. However, they’re additionally anticipating development in funding expenditures in January 2022 and the three (3) months forward. Companies cited they’re increasing investments in hopes that the Endemic Section will spur development in tasks and enterprise actions.
6. The Employment sub-index was 50.5 for the present month and 50.1 for the month forward, indicating that companies have been hiring extra staff in December 2021 and plan to proceed to rent in January 2022. Companies cited excessive turnover price within the non-public sector has elevated the necessity to rent new workers, particularly part-timers to assist the rise in enterprise actions in December 2021. Much like November 2021, companies additionally highlighted the challenges in hiring international staff as they selected to return for good upon expiry of their contracts, whereas some companies additionally highlighted the problem in hiring and retaining native staff to satisfy the labour scarcity.
7. The Prices sub-index was 50.4 for the present month and 50.2 for the month forward, indicating that companies felt the growing prices of operating their companies in December 2021 in comparison with November 2021 and count on working prices to proceed to extend in January 2022. Broadly talking, the explanations for the anticipated enhance in enterprise working prices embrace the hiring of extra staff within the coming months, paying year-end workers bonuses, buying end-of-contract flight tickets for international staff, increased uncooked supplies costs and transport prices.
8. When it comes to financial sectors, in comparison with the earlier month, some optimism was recorded in seven (7) out of 11 (11) sectors in December 2021 led by Transport & Communication, Agriculture, Forestry, Fisheries & Livestock, Lodges & Eating places, Finance & Insurance coverage, and Well being & Training sectors. Amongst causes cited embrace growing demand, increased vaccination price inside the inhabitants and expectation of extra actions within the early Endemic Section together with dine-in. Slight pessimism was reported within the Different Personal Companies sector as companies slowed down in the direction of the yr finish whereas the Building sector remained pessimistic with no new tasks. The Actual Property & Possession of Dwellings sector reported comparable sentiment to November 2021 as they have been nonetheless uncovered to lingering uncertainties as a result of pandemic. However, December 2021 registered an total enchancment in comparison with the earlier month the place 4 (4) sectors reported contraction or pessimism.
9. When it comes to the index by enterprise measurement, whereas micro companies remained downbeat, house owners of small and large-sized companies considered that their enterprise circumstances improved in December 2021 because the latest COVID-19 de-escalation plan has contributed to some development with new tasks and gross sales after contracting for a number of consecutive months beforehand. Medium-sized companies reported comparable enterprise circumstances to the earlier month.
10. The time-series charts for the BSI and its sub-indices since August 2020 will be present in ANNEX 1. For extra data on BSI, members of the general public could consult with the technical notes on the methodology and statistics, which will be obtained from the BDCB web site at https://www.bdcb.gov.bn and comply with updates on the BSI by future press releases and BDCB’s Instagram account @centralbank.brunei.
Brunei Darussalam Central Financial institution
Date: 7 Jamadilakhir 1443H / 10 January 2022M
Reference: BDCB/COMMS/03
Obtain Malay Model, Obtain English Model
Obtain BSI-Methodology and Technical Notes
ANNEX 1
Notice: For 1M Forward Enterprise Situations, the consequence compares anticipated enterprise circumstances within the month forward in comparison with the present month.
For the Enterprise Situations sub-index, above 50 signifies growth / optimism in comparison with the earlier month. 50 signifies no change in comparison with the earlier month, whereas beneath 50 signifies contraction / much less optimism in comparison with the earlier month.
Notice: For 1M Forward Investments, the consequence compares anticipated funding within the subsequent month in comparison with the present month whereas the 3M Forward Funding, the consequence compares anticipated investments 3 months forward in comparison with the present month.
For the Investments sub-index, above 50 signifies growth / optimism in comparison with the earlier month. 50 signifies no change in comparison with the earlier month, whereas beneath 50 signifies contraction / much less optimism in comparison with the earlier month.
Notice: For 1M Forward Employment, the consequence compares anticipated employment within the subsequent month in comparison with the present month.
For the Employment sub-index, above 50 signifies growth / optimism in comparison with the earlier month. 50 signifies no change in comparison with the earlier month whereas, beneath 50 signifies contraction / much less optimism in comparison with the earlier month.
Notice: For 1M Forward Prices, the consequence compares anticipated prices within the subsequent month in comparison with the present month.
For the Prices sub-index, above 50 signifies a rise in prices and conversely for beneath 50. Index of fifty signifies prices have been roughly the identical in comparison with the earlier month.
Sectoral BSI – August 2020 to December 2021
Notice: An index above 50 signifies growth / optimism in comparison with the earlier month. 50 signifies no change in comparison with the earlier month, whereas beneath 50 signifies contraction / much less optimism in comparison with the earlier month.
Notice: An index above 50 signifies growth / optimism in comparison with the earlier month. 50 signifies no change in comparison with the earlier month, whereas beneath 50 signifies contraction / much less optimism in comparison with the earlier month.
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