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3i European enterprise barometer Q3 2002

Confidence among venture-backed companies fell at its sharpest rate for five years in the latest quarter, according to the latest 3i European barometer. The index, which records the views of private companies on the business and political climate, has fallen in four of the five countries measured, and the overall result is now minus 69 compared to minus 39 three months ago.

The European enterprise barometer provides an indication of business confidence, the political and economic climate, and the outlook for turnover, investment and profitability.

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3i brings together capital, knowledge, inspiration and connections for the creation and development of fast growing, successful independent businesses. Their main activity is investing in start-up companies, established growing businesses, management buy-outs, management buy-ins and share purchases. www.3i.com