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Business confidence drops to a decade low despite growth in private sector activity

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Businesses surveyed said they gained new customers and saw positive impacts from marketing and favourable weather conditions. [File, Standard]

The headline Purchasing Managers' Index (PMI) rose from 50.6 in February to 51.7 in March.

Only 2% of the firms polled responded with a positive forecast for business activity over the next 12 months.

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