PORT LOUIS (Reuters) - Business confidence in Mauritius fell in the second quarter of 2013, a survey of leading private companies showed on Thursday, knocked by festering economic uncertainty at home thanks to anaemic growth in its main European export markets.
The quarterly index, run by the Mauritius Chamber of Commerce and Industry (MCCI), dropped 4.5 percent to 87.5 points in the three months to June.
"These results indicate that we are in a period of continued uncertainty. And without any long term visibility it could suggest that our economic performance would be lower in the second quarter 2013 compared to a year ago," Renganaden Padayachy, an economist at the chamber, told a news conference.
Statistics Mauritius On Wednesday trimmed its growth forecast for this year to 3.3 percent from an earlier estimate of 3.5 percent. It cited an anticipated sharp contraction in the construction industry as well as slower growth in financial services and technology.
The Indian Ocean island's central bank has called growth "below trend" this year. The economy expanded 3.7 percent year-on-year in the first quarter against 3.1 percent in 2012.
Source: http://news.yahoo.com/mauritius-business-confidence-takes-hit-q2-084557661.html
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