Major findings

• The surveyed businesses' level of confidence regarding their current condition has deteriorated compared to the last survey; and their expectations regarding the coming six months has also decreased.
• Businesses have reported that their order books keep shrinking. Kabul has the worst indicator for order books.
• Like other recent surveys, the current condition for all three categories of businesses are negative, but small companies are much more affected compared to large companies.
• The number of respondents who say they have decreased their employees is about 20 percent more than those who say they have employed more people during last three months.
• In general, the security situation has deteriorated compared to the previous survey.
• Businesses call for better market & demand, and administrative reforms, but insecurity and poor infrastructure are the two most deterrent challenges.

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