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Business confidence slips further in June
In business-related services, a pronounced slackening of confidence was recorded, with all components of the indicator falling. In addition to a more negative assessment of their current activity level, respondents expressed much more pessimistic expectations of future activity and market demand in general. In trade, as well, all components of the indicator fell; both demand and employment expectations and intentions of placing order with suppliers in the next three months deteriorated. The third consecutive drop in manufacturing reflects a more unfavourable assessment of total order books and stock levels which was, ... (full story)