You are here: Home - News -

Business confidence hits five-month high – but Brexit concerns loom – Lloyds

by:
  • 22/12/2017
  • 0
Business confidence hits five-month high – but Brexit concerns loom – Lloyds
British businesses have finished the year with a surge in optimism, but Brexit still casts a cloud of gloom over prospects, according to a sentiment tracker.

Overall confidence increased to a five-month high of 28%, Lloyds Bank business barometer found.

The outlook for businesses’ own prospects is at a healthy 48% – and the highest level since April – more than half expect a rise in activity over the next year.

And optimism over the UK economy has also increased by around four percentage points – but at just 8% is still well below the pre-Brexit vote average of 39%.

The biggest companies are typically most concerned about Britain’s departure from the European Union, the research showed.

 

Lower recruitment expected

Firms operating in the consumer and business services saw an overall increase in business optimism, while confidence dropped among companies in the industrial sector.

Hiring intentions have softened in recent months and now sit at 23%, the lowest level since May.

Hann-Ju Ho, senior economist for Lloyds Bank Commercial Banking, said: “Despite a slight increase in overall business confidence, firms continue to remain concerned about the outlook for the economy.

“The results point to the economy continuing to expand in Q4 at a similar pace to recent quarters.

“However, larger companies reported weakest business prospects as well as biggest concerns about the impact of Brexit.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
London and Country enters automated mortgage advice

London and Country has revealed its online mortgage robo-advice service is now fully operational on its website.

Close