In November, the number of business services providers expecting their turnover to increase outnumbered those expecting a decline. Although the majority (+6 percent) was less distinct than in October (+10 percent), it was clearly larger than in the first eight months of this year. On balance, 17 percent of providers of business services reported a decline in the turnover realised in the preceding three months.
Providers of business services were slightly more optimistic about future employment in their branch in November than in October, although, on balance, 26 percent expected to have to cut back on staff in the three months to come, as against 31 percent in October. Temp agencies and providers of cleaning services were more positive than last month.
Business services providers indicated that the economic climate has deteriorated over the past three months. The number of entrepreneurs reporting deterioration was smaller than in October. Although this indicator has shown a clearly negative balance since October 2008, there are some signs of recovery in recent months.
Expected turnover business services