The mild optimism among business service providers turned to pessimism in October. They were undeniably negative about the economic climate. Altogether, 36 percent of them called the economic climate ‘bad’ in October. In September, 5 percent called the state of the economy ‘good’.
The number of business service providers expecting to generate more turnover in the next three months still exceeded those anticipating a decline. But this majority is smaller than one month ago.
The number of business services providers who expect employment in their branch to expand dropped sharply. In October, a net 2 percent expected to recruit more staff in the next three months, as opposed to 21 percent in September.
Opinion on economic climate in business services