Business trends positive

Business Trends: BDO

  • The Output Index climbed to a 26-month high of 96.8 in July up from 94.9 in June – a fifth consecutive monthly increase
  • Output in the services sector, which makes up roughly three quarters of the UK economy, rose from 94.7 in June to 96.5 in July
  • The manufacturing sector rose from 95.7 in June to 98.3 in July
  • The Optimism Index, which predicts business performance in two quarters time, moved up from 94.3 in June to 95.6 in July, posting its sixth consecutive monthly increase and standing at its highest level since April 2012
  • The Employment Index has continued to move upwards, increasing to 97.0 from 96.7 in June
  • The Inflation Index (overall inflation expectations) decreased to 102.2 in July, down from 103.4 in June
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