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Business confidence recovers in December
The sharp improvement in the trade sector can be attributed to improved demand expectations and more positive expectations of supplier orders. In the manufacturing industry, business leaders assessed their stock levels more favourably and expressed more positive views on the current level of total order books. Employment expectations also improved while demand expectations, after a resurgence last month, deteriorated again. The recovery of confidence in the business-related services sector can be attributed to a significantly more positive assessment of the current level of activity and a slight upturn in the outlook ... (full story)