The drop in the overall economic confidence was driven by varied changes across different sectors. The consumer confidence index showed a slight increase of 0.1 per cent, rising to 80.51 in May. This marginal improvement indicates a slight boost in consumer sentiment.

Conversely, the real sector (manufacturing industry) confidence index experienced a more significant decrease. It dropped by 1.1 per cent, bringing the index down to 102.4. Similarly, the retail trade confidence index also declined. It fell by 3.3 per cent in May, resulting in a new index level of 111.7.

Fibre2Fashion News Desk (DP)