Providers of business services were slightly less pessimistic in May than they were in April, but the number of business service providers expecting turnover to increase in the next three months was still outnumbered by those expecting a decline. On balance, 22 percent of business service providers expected to generate a lower turnover over the next three months, as against 27 percent in April. This was the lowest level since the start of the time series in 1992.
Pessimism among business service providers and manufacturers about future employment in their branch did not grow further. Overall, 33 percent expected to have to cut back on staff in the next three months.
The negative mood about the economic climate over the past three months continued. Business service providers indicated that turnover and number of employees had declined in the past three months.