Sharp drop in construction indicator
The Economic Tendency Indicator fell from 110.4 in April to 108.8 in May but still points to much brighter sentiment than normal in the economy.The confidence indicator for the manufacturing industry continues to show a very strong situation despite falling slightly in May. Firms are happy with the size of their order books and plan to step up production in the coming months. The confidence indicator for the building and civil engineering industry plummeted 8 points in May to its lowest for almost three years, due mainly to less positive expectations for employment over the next three