Business confidence up

Business Trends: BDO

  • UK business confidence has increased for the tenth consecutive month
  • The Optimism Index, which predicts business performance two quarters ahead, increased from 101.7 in October to a 43-month high of 103.1 in November, taking it comfortably above the 100.0 mark that indicates the UK economy’s long-run average growth rate.
  • The Output Index, which predicts short-run turnover expectations, went up from 100.7 to 101.8 in November
  • The Inflation Index was down from 100.5 in October to 99.7 this month

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

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.

Signs of recovery?

Quarterly Economic Survey: BCC

  • Most key balances strengthened in Q2 2013 compared with previous quarter but most balances remain below their pre-recession levels in 2007
  • Service export deliveries balance rose to +36%,  the highest level since the survey began in 1989
  • Employment balances rose in Q2, following their Q1 decline.
  • Business confidence has again increased
  • Manufacturing confidence that turnover will improve rose seven points
  • Profitability confidence rose