Financial services firm First National Bank (FNB) and the Bureau of Economic Research Building Confidence Index declined to 35 points in the third quarter of the year from 39 points in the second quarter, indicating that 65% of respondents are dissatisfied with prevailing business conditions. Further, while the composite index remains higher than the average of the past few years, the index, excluding the hardware retail and building material manufacturing sector, measuring the confidence in the core building sector, fell to 20 from 25 in the second quarter.
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