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Business confidence weakens in June
Confidence levels vary between the different branches of activity in the manufacturing industry, with some of them – such as the wood processing industry, the plastics as well as paper and board sectors – benefiting from renewed optimism. Overall, all underlying components of the indicator are down sharply, with the exception of employment forecasts, which had already been revised downwards last month and have not got much worse this month. The loss of confidence in the business-related services sector can be explained by a less favourable assessment of the level of business activity combined with a downward ... (full story)