The CBI's quarterly gauge of manufacturing optimism in the UK dropped to -22.0 in the first quarter of 2021, the lowest since an all-time low of -87 was hit in the second quarter of 2020, as manufacturers expect a sharp fall in output and new orders in the three months ahead. At the same time, stockpiling picked up ahead of Britain's departure from the EU. "This appears to be linked to widespread COVID-related supply disruption, such as delays in shipments from abroad, a shortage of containers across the world, and knock-on impacts from disruptions to production over 2020," the CBI said. "Border challenges and customs-related delays arising from Brexit also appear to be playing a role," it added. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -4.13 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 February of 2021.
Business Confidence in the United Kingdom is expected to be -8.00 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 -8.00 in 12 months time. In the long-term, the United Kingdom Business Confidence is projected to trend around -6.00 points in 2022, according to our econometric models.