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Business confidence wanes in October
This month, business-related services were severely affected by the deterioration, following a short-lived uptick in the synthetic indicator for this sector in September. This significant loss of confidence is the result of a clearly more unfavourable assessment of current and future activity levels. The drop in demand expectations is, however, less pronounced. In the trade sector, all components of the indicator dipped, particularly employment expectations and demand expectations. The loss of confidence also affected all components of the gross synthetic curve for the building industry. Respondents notably expressed ... (full story)