The latest Lloyds Bank Business Barometer shows28 May 2021 09:05
Economic optimism at five-year high as restrictions ease
Optimism regarding the economy climbed five points to 37%, the highest since 2016, while firms’ trading prospects rose three points to 28%.
Overall business confidence increased for a fourth consecutive month – by four percentage points to 33% in May, the highest level for three years.
Hann-Ju Ho, Senior Economist, Lloyds Bank Commercial Banking, said: “A fourth consecutive monthly increase in business confidence, and the highest in three years, leaves us hopeful for the UK’s economic recovery. The increase in confidence was buoyed by a further easing of lockdown restrictions and a rise in optimism about the wider economy. While we need to wait and see how the months ahead will unfold, the recent rise in positive outlook is an encouraging sign that firms are emerging from the COVID-19 crisis with renewed resilience and vigour.”
https://www.lloydsbankinggroup.com/media/press-releases/2021/lloyds-bank/economic-optimism-five-year-high-restrictions-ease.html