Business confidence is recovering from its low level in 2010, and the balance for 2011 is positive again, Eurochambres’ annual Economic Survey for 2011 reveals. Overall, more than 30 percent OF European companies think that next year’s business climate will improve, while more than half of the respondents consider that it will be unchanged.
Data for Romania show a balaced report. 36.4 percent of Romanian companies think that the business climate improve in 2011, 31.2 percent that it will remain unchnaged and 32.4 percent expect it to worsen. Sweden, Belgium and Estonia demonstrate the highest levels of business confidence.
The three most negative countries are Greece, Croatia and Spain. Greek business confidence is the lowest among surveyed countries with two-thirds of companies expecting a further decrease in business development in 2011. The EU average is 33.7 percent (it will improve) 47.2 percent (it will remain unchanged) and 19.1 percent (it will worsen).
The survey results are based on over 70,000 responses from across Europe.