Business confidence in the Other Services sector declined further 52 in 2025Q1
Business confidence in the Other Services sector declined by 5 points to 52 in 2025Q1, despite an increase in business volumes and improved business conditions. However, at 52, confidence remains at its long-term average, indicating a balanced outlook—neither overly optimistic nor overly pessimistic. This level also means that just over half of respondents are satisfied with current business conditions.
Read MoreDespite a slight dip in business confidence, which fell by one point to 57 in Q4, sentiment within the Other Services sector remains relatively positive. Furthermore, confidence in other services for the entire 2024 is 8 points higher than in 2023. In Q4, total business volumes improved, while business conditions remained stable, both staying above their long-term averages.
Read MoreBusiness confidence in the Other Services sector improved from 55 to 58 in the third quarter of 2024. There has been a shift from the start of the year, when 2024 started with six out of ten respondents unsatisfied, to now nearly six out of ten respondents being satisfied with prevailing business conditions.
Read MoreBusiness confidence in the Other Services sector rose markedly to 55 in 2024Q2. The increase in business confidence for the overall Other Services sector was driven by increases in all the subsectors. The most striking of which was the increase in the real estate subsector.
Read MoreBusiness confidence in the other services sector declined by a further one point to 41 in the first quarter of 2024. This implies that about 6 out of 10 businesses in this sector are unsatisfied with business conditions. Following a recent peak reached in 2022Q4, confidence has moved lower.
Read MoreBusiness confidence in the other services sector edged down by 6 points to 42 in 2023Q4. The only subsector with increased confidence relative to Q3 was hotels and restaurants.
Business confidence in the other services sector edged down by 6 points to 42 in 2023Q4. This implies that almost 6 out of 10 respondents are dissatisfied with prevailing business conditions. Overall, average confidence in 2023 was much lower than in 2022.
Read MoreBusiness confidence in the other services sector increased by 5 points in 2023Q3, bringing the index just below its long-term average of 52 at 48 points. Although this is a positive development, the sector has yet to regain the 25 points it lost in the first half of this year. At the current level, just under half of the respondents in this sector express satisfaction with the prevailing business conditions.
Read MoreBusiness confidence in the other services sector edged down by a further two points to 43 in 2023Q2. This follows a record 23-point decline in the first quarter. At the current level, just over four out of ten business executives in the sector were satisfied with prevailing business conditions.
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