The CBI's quarterly gauge of manufacturing optimism in the UK rose to -2 in the second quarter of 2023, the highest since the last quarter of 2021, compared to -5 in the first three months of 2023. Despite the increase, the reading still remained in negative territory. source: Confederation of British Industry

Business Confidence in the United Kingdom averaged -4.19 points from 1958 until 2023, reaching an all time high of 55.00 points in the third quarter of 1959 and a record low of -87.00 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 June of 2023.

Business Confidence in the United Kingdom is expected to be -15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Business Confidence is projected to trend around -4.00 points in 2024 and -1.00 points in 2025, according to our econometric models.

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United Kingdom Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-01-24 11:00 AM Q1 -5 -48 -60
2023-04-25 10:00 AM Q2 -2 -5 -15
2023-07-25 10:00 AM Q3 -2 5


Related Last Previous Unit Reference
Business Confidence -2.00 -5.00 points Jun 2023
Factory Orders -17.00 -20.00 Net Balance May 2023
Small Business Sentiment 3.00 -13.00 points Jun 2023

United Kingdom Business Confidence
In the United Kingdom, the Business Optimism Index is published by the Confederation of British Industry's in its Industrial Trends Survey. An average of 400 small, medium and large companies from the manufacturing sector is surveyed each quarter. The Questionnaire accesses the overall sentiment regarding general and export business situation, investment, capacity, order books, employment, output, stocks, prices competitiveness regarding domestic, EU and non-EU markets and innovation and training. For each assessment is computed a sub-index as the percentage of positive answers minus the percentage of negative answers. The composite index is then computed as the weighted average of the sub-indices. An Optimism Index of +100 indicates that all survey respondents are much more confident about future prospects, while -100 suggests that all survey respondents are much less confident about future prospects. An index level of 0 indicates neutrality.
Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -5.00 55.00 -87.00 1958 - 2023 points Quarterly

News Stream
UK Business Optimism Remains Negative for 5th Quarter
The CBI's quarterly gauge of manufacturing optimism in the UK improved to -5 in the first quarter of 2023, from -48 in the previous period but still pointed out that the majority of respondents are much less confident about future prospects. Both business and export optimism fell for the fifth consecutive quarter, but at a much slower rate than in the prior three months.
2023-01-24
UK Business Confidence Worsens
The CBI's quarterly gauge of manufacturing optimism in the UK sank to -48 in the last quarter of 2022 from -21 in the previous period. It is the lowest reading since the second quarter of 2020, remaining in negative territory for the fourth consecutive quarter. Meanwhile, export prospects also worsened (-31 vs -20). "It's a tough time for manufacturers. Price pressures remain acute, availability of materials is still a big issue," said Alpesh Paleja, CBI lead economist.
2022-10-25
UK Business Optimism Remains Weak
The CBI's quarterly gauge of manufacturing optimism in the UK increased to -21 in the third quarter of 2022 from -34 in the previous three-month period but remained in negative territory for the third consecutive quarter suggesting that survey respondents remain less confident about future prospects. Growth in manufacturing output and orders eased in the quarter to July, slowing to more typical rates of expansion following a period of exceptionally strong growth over the previous year. Average costs and prices continued to rise sharply, although growth eased from recent highs. On the positive side, investment intentions generally improved, and employment within the sector continued to grow at a robust pace, though less quickly than expected last quarter (for the third quarter running). Concerns over shortages of labour and shortages of components and materials remained acute, but off their recent highs.
2022-07-25