The index, which moves on a scale of 0 to 100 points, is based on responses from over 400 businesses.
Among the sub-indices of the Vosz Barometer, the measure of business sentiment fell to 59 points from 62, and the gauge of propensity to make investments fell to 41 points from 49. The sub-index based on businesses' assessment of their financial situation dropped to 70 points from 74.
Businesses said declining purchasing power, higher prices, unpaid invoices, and a fall in orders were among their biggest challenges.
One in six businesses said they could cut headcount.
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