The CBI's quarterly gauge of manufacturing optimism in the UK dropped 25 points from the previous period to +2 in the fourth quarter of 2021, falling further from a 48-year high of +38 hit during the second quarter. Concerns about supply shortages in the next three months escalated further, with almost two-thirds of firms citing availability of materials/components as a factor likely to limit output next quarter, the highest share since January 1975. In addition, firms expressed heightened concerns about labor shortages affecting future output, with two-in-five firms worried about a lack of skilled labor, the highest since July 1974, and nearly a third concerned about availability of other labor, a survey-record high. The manufacturing sector also continued to face acute cost and price pressures, with inflation seen accelerating to new highs over the next three months. On a brighter note, manufacturers expect output and total new orders growth to pick up next quarter. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -3.80 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 October of 2021.
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 5.00 points in 2022 and -2.00 points in 2023, according to our econometric models.