To: Participants of the Agbiz/IDC Agribusiness Confidence Index
Results and interpretation of Agbiz/IDC Agribusiness Confidence Index in the third quarter of 2013, as background to the survey for the fourth quarter of 2013
Agbiz / IDC Agribusiness Confidence index dropped by 20%
The Agricultural Business Chamber (Agbiz), with the support of the Industrial Development Corporation (IDC), constructs the Agbiz / IDC Agribusiness Confidence Index on a quarterly basis. The Confidence in the agribusiness sector indicated a gradual recovery trend since the all-time low in the third quarter of 2009. Over the past year, this trend has flattened out, until the downward trend commenced early 2013. The Agbiz/IDC Agribusiness Confidence Index reached a level of 50.16 index level in the third quarter of 2013, indicating that only half of agribusiness decision-makers and executives are positive about the agribusiness environment. This is 20% lower than the third quarter of 2012 and 11% lower than the preceding quarter.
The Agbiz/IDC Agribusiness Confidence Index is compiled from responses from agribusiness executives and decision-makers from agribusinesses across the entire country, serving all the different industries in the agricultural sector. The overall index is constructed from ten sub-indices. The changes of the sub-indices further explain the drop in the overall confidence.
Table 1: Changes in the overall index and the respective sub-indices in the third quarter of 2013.
Questionnaire: Fourth Quarter of 2013
Kindly complete the linked questionnaire by indicating the changing situation in the fourth quarter of 2013, compared to the same quarter of the previous year. For your convenience, the survey is available online (click here: https://www.surveymonkey.com/s/Index2013Q4) or you can print the questionnaire and complete it manually and send it to lindie@agbiz.co.za, or fax it to (012) 807 5600.
Please submit / send your response to the Agbiz office before close of business on Tuesday, 29 October 2013.
Your response is very important as we need all the agribusinesses to respond to make our findings as accurate as possible. Your participation is highly appreciated.
