Agribusiness Confidence Index dips further to 44 in the first quarter

The Agricultural Business Chamber (Agbiz)/Industrial Development Corporation Agribusiness Confidence Index (ACI) has declined by five points in the first quarter to 44, from 49 in the fourth quarter of 2022.

In turn, the four-point decline to 49 in the last quarter of 2022, had marked the first time the ACI entered into negative territory, below the neutral 50-point mark, in nearly three years.