Interest rate sensitive sectors lost business confidence due to high rates, while lower inflation boosted retailers. Business confidence slipped in Q4 as sentiment among new car dealers declined by 24 points, outweighing the 15 point increase in retail confidence.
RMB/BER Business Confidence Index (BCI) dropped by 2 points to 31, indicating dissatisfaction with business conditions. The survey covered 1,050 senior executives in various sectors.
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