RTTNews - Confidence among large manufacturers improved in the second quarter from the last quarter, a report from the Ministry of Finance showed Monday.
The business survey index for the large manufacturers improved to minus 13.2 in the second quarter from minus 66 in the previous quarter. The index for the manufacturers confidence three-months ahead improved to 4.8.
Large manufacturers were less pessimistic about the domestic economic conditions as the index stood at minus 14.2 in the second quarter compared to minus 78.8 in the first quarter. Further, their sentiment on employment showed an improvement, with the index rising to minus 25.1 from minus 31.9.
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