The latest edition of LMD, a leading business magazine, reveals a significant boost in economic sentiment following Sri Lanka’s recent presidential election. The LMD-PEPPERCUBE Business Confidence Index (BCI) survey indicates a surge in optimism within corporate circles, marking a positive shift under the new executive.
According to the survey, October saw a dramatic increase in economic optimism, with 41% of participants believing the economy will improve over the next 12 months—a significant jump from just 8% in September. Additionally, 50% of respondents think the economy will “stay the same,” a drop of 18 percentage points, while only 9% anticipate further decline, down 15 points from the previous month.
The report also highlights a shift in sales sentiment, as concerns over the economic outlook have lessened. Following three consecutive months of decline, sales volume expectations have improved, with 46% of executives now expecting a rise in sales over the next year—a 38% increase from September.
Media Services, publisher of LMD, has released the November edition, featuring insights from the Managing Partners of Sri Lanka’s top three audit firms on the state of the nation and its business environment. The full article is available on LMD’s website (www.LMD.lk), with the digital edition accessible via WhatsApp and the publisher’s social media platforms.