LightCastle Business Confidence Index (BCI) 2022-2023

LightCastle Analytics Wing
October 22, 2023
LightCastle Business Confidence Index (BCI) 2022-2023

The Business Confidence Index (BCI) 2022-2023 report assesses the sentiment of 167 key industry leaders in Bangladesh’s economy across 25+ industries, including MNCs, local conglomerates, start-ups, and SMEs. The study reflects the country’s journey amid the global geopolitical turmoil, in particular, affected by the Ukraine-Russian war.

Despite facing structural shifts, Bangladesh’s private sector has shown a positive outlook in cumulative business sentiment – an overall score of +6.69. Interestingly, the local SMEs have fared better (+14.91) than local conglomerates and MNCs (+6.31). The difference in scores is mainly driven by external factors as the performance of the larger organizations tends to fluctuate more significantly with the changes in the global market.

Source: Business Confidence Index (BCI) 2022-2023

While the 2023 BCI remains positive, it is relatively lower than the previous year (+28.69), indicating a subtle deceleration in overall business sentiment. Slower economic growth, rising costs, and reduced consumer demand have contributed to a lower but positive confidence index this fiscal year.

Source: Business Confidence Index (BCI) 2022-2023

Download the full report using the link below and explore the latest insights into the key sectors and the overall macroeconomic trends in Bangladesh.

lightcastle business confidence index 2023 To uncover all the insights in the LightCastle Business Confidence Index 2022-2023 Document download full report

Explore Past Editions of the LightCastle Business Confidence Index:

  1. LightCastle Business Confidence Index 2021
  2. LightCastle Business Confidence Index 2019-20
  3. LightCastle Business Confidence Index 2017-18
  4. LightCastle Business Confidence Index 2016

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

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