The index in October was at its lowest since October 2015 and the drop came after a continuous improvement in business sentiment since October 2017.
The sub-index measuring business uncertainty was up by 8 points at 44 points.
Wholly or partially foreign-owned companies, export-focused ones and those employing more than 50 workers were the most concerned about the deterioration of the business environment.
The sub-indices were down in manufacturing, construction, commerce, and other services sectors.
The gauge for current business prospects was down by 7 points at 48 points and the future prospects index dropped 14 points to 35 points. The sub-indices for machine and construction investments were also down.
The business confidence index was calculated based on the answers of 2,268 company managers.
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