Business confidence hits highest level since 2022

Business confidence has hit its highest level since the first quarter of 2022, according to the British Chamber of Commerce (BCC) quarterly economic survey. The research shows a small rise in business confidence in the final quarter of 2023. The percentage of firms expecting an increase in turnover over the next year (56%) has risen…

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Eight in ten financial services bosses confident about first quarter growth

Business leaders in the financial services sector are feeling optimistic moving into 2024, according to new research from KPMG UK. The survey of senior executives working in the sector found that 87% are ‘confident’ when it comes to overall business growth in the first quarter of 2024, supported by a buoyant outlook on profitability for…

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Business sentiment falls back

Having been gradually ticking up since its recent nadir of -30 in June 2023, the Institute of Directors’ (IoD) Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, fell back to -28 in December from -21 in November. However, despite the decline in the headline indicator, business leaders’ confidence in…

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Business confidence falls in December

British businesses became more downbeat about the economic outlook in December, with the biggest monthly decline in confidence in more than a year, according to the Lloyds Bank Business Barometer. The survey fell by seven points to 35% from November’s 21-month high of 42%, marking the largest monthly fall since August 2022. Firms’ hiring intentions…

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Business confidence climbs

Research by Lloyds Bank shows that business confidence has climbed back to levels not seen since before Russia’s invasion of Ukraine and the subsequent energy crisis.  The rise in business confidence is significantly above the long-term average of 28%, and has been driven by increased trading prospects for the year ahead, greater optimism in the…

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Business confidence rose by 39% in October

Business confidence rose to 39% in October, a three-point increase, to reach the second highest level in 2023–surpassed only in August (41%) according to Lloyds bank business barometer. The confidence level this month is significantly above the long-term average of 28% and contrasts sharply with the Barometer reading of just 15% in October 2022, in…

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Small firms’ confidence levels recovers

Small business confidence regained some ground between the second and the third quarters of the year, but is still in negative territory for the sixth quarter in a row, according to Federation of Small Businesses (FSB’s) latest Small Business Index for Q3, in partnership with Google. The headline confidence reading was -8.0 points in Q3,…

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Construction sector exposed as business confidence down

Business confidence in the UK halved in the third quarter as worries over higher interest rates and weakening sales growth bite, a survey of business leaders has found. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) put confidence at 2.9 on the index for Q3 2023, down from 6.1 in Q2 and below the pre-pandemic…

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Business confidence subdued throughout Q3

The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, remained subdued at -26 in September 2023, similar to August’s reading of -28. This is the fourth consecutive month in which economic confidence has been relatively low, following a large drop in June. Order books were suggestive of…

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Business confidence in the economy remains low

New data from the Institute of Directors shows that business confidence in the wider economy remained low in August.  However, business views about their own organisations’ prospects recovered some ground in August. Inflation expectations have also improved, but cost pressures, particularly wage costs, remain a major concern. The monthly IoD Directors’ Economic Confidence Index, which…

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Business confidence hits highest level since early 2022

Confidence among British companies has risen to its highest level since before Russia invaded Ukraine, according to the Lloyds Bank Business Barometer. The survey shows that optimism has risen by 10 per cent to 41 per cent, the highest level since February 2022. The 10-point increase is the largest month on month rise since March…

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Business confidence falls as economy slows

The latest Business Trends report from the accounting firm BDO reveals a fall in business confidence last month. Higher interest rates, weak global demand and a slowing UK economy all contributed to the first fall in hiring intentions in six months. BDO’s Employment Index fell for the first time in six months as businesses reduced…

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Business confidence falls despite stronger trading prospects

Business confidence fell by six points to 31%, driven largely by lower economic optimism, which fell to a five-month low. The confidence level in July remains above the long-term average of 28%, although it is below the average of 33% seen in the last three months and down from June’s 13-month high of 37%. Firms…

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