While still below the 50-point threshold for four straight quarters, this small rise indicates emerging positive economic momentum, according to a report released Monday by the European Chamber of Commerce
(EuroCham).
Between Q2 and Q3, there was a 3 percentage point drop in pessimism regarding the current situation, while positive and neutral perspectives increased by 6 and 4 percentage points respectively.
Furthermore, the Q3 survey revealed a shift in projections for the quarter to come. Compared to responses in the Q2 survey, there was an 11 percentage point rise in businesses anticipating economic stabilisation and growth for the upcoming quarter. On the other hand, businesses projecting a negative trend reduced by 5 percentage points, said
EuroCham.