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Mauritius Business Confidence Rises Following 3-Quarter Decline

Mauritius Business Confidence Rises Following 3-Quarter Decline

From The Economic Times

A recovery in domestic demand buoyed business confidence in Mauritius during the last quarter of 2014 after declining over three consecutive quarters, a survey of leading private sector companies showed today.

The Mauritius Chamber of Commerce and Industry’s quarterly confidence index climbed 6.4 percent to 82.5 points.

The Indian Ocean island’s economy has slowly been recovering from the global financial crisis which hurt tourist arrivals, particularly from Europe. The economy grew 3.5 percent last year, up from 3.2 per cent in 2013, Statistics Mauritius.

Chamber of commerce economist Renganaden Padayachy told a news conference that more than 60 per cent of business leaders interviewed during the survey said they had noted an increase in demand during the last quarter.

Read more at The Economic Times