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Global Business Confidence Falls to 5-Year Low

Posted November 25, 2014

Under Economic Issues, International Trade Issues

(RTT News)

Optimism among companies declined sharply to the lowest level seen since the survey began five years ago, Global Business Outlook survey from Markit Economics showed Monday.

The number of companies that expect activity to be higher in a year’s time exceeded the number expecting a decline by about +28%.

Optimism in manufacturing dropped to its lowest since mid-2013 but remained ahead of that seen in services, where confidence about the outlook slumped to the lowest in the five-year survey history. Read more here.