Private sector can support government
The RMB/BER Business Confidence Index is back in negative territory. Some sectors showed surprising resilience though, and the adverse developments in the quarter are likely to deliver only a temporary setback.
The RMB/BER Business Confidence Index eased slightly further from 42 to 39 in the third quarter. While disappointing, the underlying picture is not as bad, with an encouraging performance from consumer-facing sectors.