The visible hand in economics

October Business Confidence: Way down in the dumps

Posted on: November 7, 2008

After a stong September, business confidence collapsed in October with a net 42% of firms stating that the economy is going to reverse.

Most indicators deteriorated markedly – and this appears to provide clear evidence that recent credit market uncertainty has convinced businesses enough is enough, and a full readjustment in employment and activity levels is on the cards.

1 Response to "October Business Confidence: Way down in the dumps"

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