Service Sector: Business Climate Indicator Continues to Fall

In the service sector the climate indicator fell for the third month in succession. Although the current business situation indicator recovered slightly after two months in succession, business expectations were less optimistic. Favourable assessments of the order backlog formed the slight majority once again. Survey participants continue to expect demand to pick up, although not to as great an extent as last month. Personnel plans were slightly more cautious, but remain growth-oriented.