UK business confidence plummets

Optimism hits a six-month low: Business Trends report – BDO/LLP

  • The optimism index – which predicts business performance two quarters ahead – has hit a six-month low, falling for the fourth consecutive month from 95.5 in May to 93.5 in June.  This is the lowest reading since December 2011
  • The otput index – which forecasts business conditions in one quarter’s time – fell from 96.7 to 94.8. This is the single biggest monthly fall in the index since June 2011