East Midlands business confidence dips

Click to read the article in full.  

Business confidence in the East Midlands remains high at 31% despite falling for the first time since January 2021, according to the latest Business Barometer from Lloyds Bank Commercial Banking.

Companies in the East Midlands reported lower confidence in their own business prospects month-on-month, down five points at 26%. When taken alongside their optimism in the economy, down 11 points to 37%, this gives a headline confidence reading of 31%.

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 18% of businesses in the region expect to increase staff levels over the next year, down seven points on last month.

Overall UK business confidence remained steady month-on-month at 33%. Firms reported a small increase in their business prospects, up two points to 30%, the highest reading since September 2020. Confidence in the economy dipped marginally by two points to 36%.

Across the UK all regions and nations reported positive confidence readings for the third consecutive month. Businesses in Scotland (up 27 points to 42%), London (up 17 points to 41%) and the East of England (up ten points to 36%) reported the

 link source - East Midlands Business Link General

Continue reading this article at the original source Here