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Businesses regaining footing in Sultanate

Businesses of all sizes reported general improvements in their business conditions in January 2022, compared to the previous month, due to increased activities with further COVID-19 de-escalation plans in the Early Endemic Phase. Micro and small businesses recorded a Business Sentiment Index (BSI) of 50.1, while medium and large businesses recorded a BSI or 50.2. The BSI and sub-indices can be interpreted as: above 50 – expansion/optimism compared to the previous month; 50 – no change compared to the previous month; and below 50 – contraction/less optimism compared to the previous month. More details in Tuesday’s Borneo Bulletin.

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