UK business optimism reached its highest level for 22 years in January, indicating that the economy will continue to grow rapidly over the coming six months
The Optimism Index, which predicts business performance two quarters ahead, reached 103.8 in January, up from 103.4 in December. This is the highest reading ever recorded since readings began 22 years ago and sits well above the 100.0 mark, meaning the UK is expected to outperform its long-term historical growth trend
The Employment Index rose to 101.3, up from 99.4 the previous month. The index now stands at its highest level since August 2008 and above the crucial 100.0 mark for the first time since March 2011, signalling that UK job creation is likely to exceed trend growth over the coming months
The Inflation Index read 97.9 in January, its lowest level since November 2009 and down from 98.7 at the end of last year.
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
The Optimism Index, which predicts business performance in two quarters time, increased for the eighth consecutive month – from 98.0 in August to 100.7 in September, its highest level since April 2010. The figure has risen beyond the 100.0 mark, the level at which the economy is expected to achieve its long-run average trend growth rate over the coming six months, suggesting that economic growth will pick up speed in the next two quarters.
The Output Index, which predicts short-run turnover expectations, also continued its upward trend this month, reaching a 30-month high of 99.5 in September, up from 98.3 in August.
The Inflation Index, which predicts short-run business cost inflationary pressures, recorded a fifth consecutive decline to 100.6 in September from 101.0 in August.
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