New research reaffirms business confidence surge in the East Midlands

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Business confidence in the East Midlands has seen its biggest increase in more than three years after rising by 20 points during April to 40%, according to the latest Business Barometer from Lloyds Bank Commercial Banking.

Companies in the East Midlands reported higher confidence in their own business prospects month-on-month, up 16 points at 40% – the highest reading of any UK nation or region.  When taken alongside their optimism in the economy, up 24 points to 39%, this gives a headline confidence reading of 40%.

The Business Barometer questions 1,200 businesses monthly and provides early signals about UK economic trends both regionally and nationwide.

When it comes to jobs, a net balance of 14% of businesses in the region expect to increase staff levels over the next year, down by six points on last month.

Overall UK business confidence surged 14 points in April to 29%, the highest reading since September 2018. The result follows the reopening of outdoor hospitality venues and non-essential retail and personal services providers in England and comes ahead of further restrictions easing in Wales and Scotland. Firms’ confidence in their own business prospects rose by 14 points to 26%, and their optimism in the economy increased by 15 points

 link source - East Midlands Business Link General

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