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Business confidence remains virtually stable in July
For the third consecutive month, the upturn is gaining ground in the trade sector under the impetus, this month, of a clear recovery in demand forecasts and those for orders placed with suppliers. Projections for employment, which had risen sharply last month, have been revised downwards a little. The improvement in confidence recorded in the manufacturing industry is almost exclusively based on a much more favourable appraisal of stock levels, given the summer season. In the building industry, all the indicators are pointing downwards. Business leaders in the sector expressed more reservations about the current ... (full story)