According to the Economic Research Centre, the Indicator fell for the third consecutive month hitting its lowest level in twelve months.
The decrease, it said, resulted from weaker business confidence in services, retail trade, construction and industry.
The decline in the Services Confidence Indicator was driven by firms’ less favourable views on their past performance (business situation and demand) and downward revisions in demand expectations.
The decrease in the Retail Trade Confidence Indicator resulted from more negative assessments of past sales and downward revisions in sales expectations. Source: CNA