The CBI's quarterly gauge of manufacturing optimism in the UK jumped to 38 in the second quarter of 2021 from -22 in the previous three-month period, hitting its highest level since the second quarter of 1973. Manufacturers expected a solid rebound from the COVID crisis as the economy reopens, with investment intentions seeing a strong rebound. Both output and orders growth are expected to pick up rapidly in the next quarter, as domestic demand improved further and export optimism for the year ahead strengthened after successive decline over almost three years. Employment growth is expected to accelerate further over the next three months, with expectations at their strongest since April 1974. On a more negative note, cost pressures continued to temper the outlook for the manufacturing sector. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -3.95 points from 1958 until 2021, 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 May of 2021.
Business Confidence in the United Kingdom is expected to be -10.00 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 -6.00 in 12 months time. In the long-term, the United Kingdom Business Confidence is projected to trend around -6.00 points in 2022 and -2.00 points in 2023, according to our econometric models.