Uncertainty surrounding the UK leaving the European Union has significantly hurt the business morale in Europe since November, and a clear divide between the East and the West has emerged in terms of global business confidence, results of a survey showed on Thursday.
The proportion of surveyed businesses in Europe who were confident of growth in the next six months fell to 50 percent, marking a fall of nearly a third from November, the 2019 Global Risk & Confidence Survey by the commercial insurance provider CNA Hardy showed.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.