Business Confidence Remains Steady30 Sep 2019 15:08
The latest Lloyds Bank Business Barometer shows:
Economic optimism fell 5 points to -10%, its lowest since June 2016, while overall business confidence[1] was steady in September, edging up 1 point to 2%.
Firms’ assessment of their trading prospects for the year ahead rose by 5 points to 13%, but remained at its second lowest this year.
Firms’ concerns about the expected impact of the UK leaving the EU intensified, falling 7 points to a new low of -25.
The East Midlands was the most confident region, followed by the West Midlands and Yorkshire & the Humber.
The least confident regions were Scotland and Northern Ireland, followed by the South West and London.
Firms in the manufacturing and service sectors reported the weakest overall business confidence and the highest concerns about the impact of the UK leaving the EU.
Optimism in the economy fell 5 points to -10% in September, and to its lowest level since June 2016 when it was -11%, according to the latest findings from Lloyds Bank Commercial Banking Business Barometer.
https://www.lloydsbankinggroup.com/Media/Press-Releases/2019-press-releases/lloyds-bank/economic-optimism-hits-3-year-low-as-business-confidence-remains-steady/