Business confidence up to 13-month high

Business Trends: BDO

• The Optimism Index, which predicts business performance two quarters ahead, moved up for the fifth consecutive month from 93.6 to 94.3, a 13-month high
• The Output Index, which predicts short-run turnover expectations, increased for the fourth consecutive month to 94.9 in June from 94.4 in May
• The Inflation Index decreased from 104.2 to 103.4, thus easing financial pressures on UK businesses.