Survey reveals UK business confidence jumps to more than four-year high.
Written by crest887fm on August 31, 2021
British business confidence hit highs not seen since April 2017 on hopes the economy is recovering strongly to pre-pandemic levels.
Employers in England’s North West and East registered the biggest jump in confidence, the latest Lloyds Bank Business Barometer found.
There was caution among companies about inflation and staff shortages.
But firms in manufacturing, services and construction all posted greater optimism that recovery would continue.
The monthly survey of 1,200 firms, conducted between 2 and 16 August, also saw business confidence in Northern Ireland turn positive after a negative response in July’s poll.
The barometer found that overall business confidence among UK firms rose by six points to +36% in August, driven by improvements in companies’ trading prospects and expectations of stronger growth in the year ahead.