Bahrain: Business Performance to Recover in 2nd Quarter of 2020
The Kingdom of Bahrain’s Business Confidence Index (BCI) reported that 84% of investors expect the investment climate to improve or stabilize in the second quarter (Q2) of 2020.
According to the Information & eGovernment Authority’s (iGA) Statistics & Population Registry Directorate, Quarterly Business Perception Survey (QBPS), a slight drop of 2.75 registered in the second quarter (Q2) of 2020 compared to the first quarter (Q1).
As for Business Performance in Q2 2020, 39.3% of companies expressed an optimistic outlook on commercial activities. The results show that 44.6% of them expected to show stable performance, compared to 16.1% who were dissatisfied with Business Performance.
The survey revealed that 25.2% of companies were satisfied with their performance in Q1, while 20.6% were dissatisfied. A total of 54.3% reported business stability, with the current situation of the novel Coronavirus (COVID-19) pandemic.
The strongest business confidence based on performance was shown by banks, real estate companies, and establishments with turnovers of at least BD1 million.
The survey was conducted in cooperation with the Bahrain Economic Development Board, the Central Bank of Bahrain (CBB) and the Ministry of Industry, Commerce & Tourism, with the aim of providing information for investors, decision-makers and economic policymakers.
For more information or details on current surveys, please visit the Bahrain Open Data Portal, data.gov.bh
