Business confidence for the July to September period plunged across the nation, with the perception gap regarding the state of the economy widening between larger and smaller firms, according to a Finance Ministry survey released Sept. 12.
The ministry’s quarterly survey was conducted on 11,255 companies Aug. 1. The results indicate that confidence in the economy dropped against forecasts for the quarter that were made back in May. The survey’s business sentiment index shows that large firms that felt the economy on the decline exceeded those which responded that business was picking up by 0.9 percent.
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