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. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -4.19 points from 1958 until 2022, 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 December of 2022.
Business Confidence in the United Kingdom is expected to be -40.00 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 7.00 points in 2023 and -2.00 points in 2024, according to our econometric models.