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Having reached it local height in February, GKI-Erste economic confidence index adjusted for seasonal effectsfell sharply in March. 

According to the empirical survey conducted by GKI ( with the support of the EU business expectations that had been as favourable as in February 2011 ten years ago fell in all industries significantly in March 2011. Consumer expectations that have been on slow but continuous decline since October 2010 plunged sharply in March from a rather high level of the period following the parliamentary elections of last April.

You can download the analysis from here.

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