The CBI's quarterly gauge of manufacturing optimism in the UK was little-changed at 0 in the fourth quarter of 2020, compared to -1 in the previous period and an all-time low of -87 in the three months to June. At the same time, export sentiment fell at a slightly quicker pace than in the previous period (-21 vs -17 in Q3). Looking ahead to the coming quarter, manufacturers expect output to grow at a moderate pace. However, total new orders are anticipated to remain unchanged, reflecting steady growth in domestic orders and a slower fall in export orders. Employment is expected to be broadly unchanged in the next quarter, following six quarters of decline. Meanwhile, almost a third of manufacturers are concerned that access to materials or components may limit their output over the quarter ahead, while they are less concerned that access to finance could constrain near-term output or investment plans. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -4.05 points from 1958 until 2020, reaching an all time high of 55 points in the third quarter of 1959 and a record low of -87 points in the second quarter of 2020. This page provides - United Kingdom Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Business Confidence in the United Kingdom is expected to be -14.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United Kingdom to stand at -16.00 in 12 months time. In the long-term, the United Kingdom Business Confidence is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.