Within the services sector, industries including the recreation, community and personal services, food and beverage services, retail trade and information and communications expect business conditions to improve for the period.
While the general business outlook for the next six months from October 2020 till March 2021 remains negative at 5%, it marks an improvement from the net weighted balance of -31% recorded in the previous quarter’s survey for the period of July to December 2020.
25% of firms expect slower business conditions in the next six months while 20% of firms are optimistic.
