Partner Article

Confidence hits 12-month high

Business confidence has reached a 12-month high, according to the latest BDO Business Trends Report.

The index measures business sentiment for the following two months, along with short term expectations.

Confidence improved for the fourth consecutive month, fuelling hiring expectations, which were at their highest since April 2011.

There remained some trepidation over inflationary concerns, as the inflation index climbed to 104.2 points, indicating businesses were worried it could impact their bottom line.

Peter Hemington, Partner, BDO LLP, commented: “It’s encouraging to see that UK business confidence has continued its upward trend, and that businesses have retained their healthy hiring intentions for a fifth consecutive month.

“However the Government must do more to achieve the robust economic growth that remains tantalisingly out of reach. The Government must look to ensure more funds are reaching British businesses through lending, in order to help them drive the UK’s economic recovery.”

This was posted in Bdaily's Members' News section by Tom Keighley .