The index recorded a sharp turnaround to 0.443 in the fourth quarter of last year from 0.059 in the previous quarter. This was also the BDI’s best reading since 2014.
Experian said the latest reading of improved business debt stress levels was encouraging and indicated that the bleak business conditions experienced since 2014 are reaching a turning point.
Eight out of the nine sectors recorded a positive BDI with mining and agriculture recording the most positive for business debt conditions.
Experian also noted a marked improvement in the construction industry.