Business Climate Index decline not likely to affect trends

The IJG Business Climate Index (BCI) for November 2013 experienced a slight decline by 0.6 resulting in the overall index to stand at 147.0 points but due to the strong growth in the leading indicator it is suggested that the outlook for the first six months of 2014 is positive.
Even though there was a decline, the Institute for Public Policy Research revealed that it was not large enough to result in a change of the quarterly trends and this was supported by the continued increase in the three month moving average.