The CBI Business Optimism Indicator for the UK plunged 19 points to -32 in the third quarter of 2019, the lowest reading since the third quarter of 2016, due to ongoing Brexit uncertainty. Also, investment spending plans weakened again while optimism about export prospects for the year ahead worsened. Domestic and export orders declined at their fastest pace since the financial crisis and overall order books were below “normal” to the greatest extent since 2010. Manufacturers continued to grow their stocks of raw materials and finished goods, but at a slower pace than in the three months to April, when stocks were increased at the fastest pace on record. Still, output volumes in the next three months are expected to recover slightly. Business Confidence in the United Kingdom averaged -3.67 Index Points from 1958 until 2019, reaching an all time high of 55 Index Points in the third quarter of 1959 and a record low of -75 Index Points in the first quarter of 1974.

Business Confidence in the United Kingdom is expected to be -32.00 Index 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 -12.00 in 12 months time. In the long-term, the United Kingdom Business Confidence is projected to trend around -2.00 Index Points in 2020, according to our econometric models.

United Kingdom Business Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-23 10:00 AM CBI Business Optimism Index Q4 -16 -3 -8
2019-01-23 11:00 AM CBI Business Optimism Index Q1 -23 -16 -26
2019-04-26 10:00 AM CBI Business Optimism Index Q2 -13 -23 -12
2019-07-23 10:00 AM CBI Business Optimism Index Q3 -32 -13 -14
2019-10-23 10:00 AM CBI Business Optimism Index Q4 -32 -20


United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -32.00 -13.00 55.00 -75.00 Index Points [+]
Manufacturing PMI 47.40 48.00 61.50 34.40 [+]
Services PMI 50.60 51.40 62.50 40.10 Index Points [+]
Industrial Production -0.90 -0.60 22.70 -11.90 percent [+]
Industrial Production Mom 0.10 -0.10 9.90 -8.00 percent [+]
Manufacturing Production -0.60 -1.40 19.60 -16.90 percent [+]
Capacity Utilization 79.00 80.70 85.20 38.00 percent [+]
Factory Orders -13.00 -34.00 21.00 -79.00 Net Balance [+]
New Orders 10922.00 11975.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories -3989.00 5711.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4320.00 4212.00 6919.00 924.00 Companies [+]
Corporate Profits 111745.00 115312.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -68.80 -80.60 61.00 -80.60 [+]
Car Production 108239.00 109226.00 185157.00 43773.00 Units [+]
Car Registrations 92573.00 157198.00 562337.00 33051.00 [+]
Small Business Sentiment -24.00 -13.00 40.00 -69.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Leading Economic Index 0.00 -0.20 1.90 -2.10 percent [+]
Private Investment -0.50 0.40 63.70 -33.70 percent [+]
Mining Production -1.60 2.80 854.60 -90.50 percent [+]
Steel Production 645.00 618.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.99 82.11 82.11 5.18 Points [+]
Competitiveness Rank 8.00 6.00 13.00 2.00 [+]
Composite Pmi 50.20 50.70 61.80 47.60 [+]
Corruption Index 80.00 82.00 87.00 74.00 Points [+]
Corruption Rank 11.00 8.00 20.00 8.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 23402.00 24572.00 38520.00 16152.00 Gigawatt-hour [+]
Crude Oil Rigs 16.00 14.00 32.00 3.00 [+]


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. This page provides - United Kingdom Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Business Confidence - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-32.00 -13.00 55.00 -75.00 1958 - 2019 Index Points Quarterly




Country Last Previous
Australia 1.00 Aug/19
Brazil 59.40 Sep/19
Canada 60.60 Aug/19
China 49.50 Aug/19
Euro Area 0.11 Aug/19
France 102.00 Aug/19
Germany 94.30 Aug/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 99.70 Aug/19
Japan 7.00 Jun/19
Mexico 49.70 Aug/19
Netherlands 3.90 Aug/19
Russia -2.00 Aug/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 68.00 Aug/19
Spain 1.40 Aug/19
Switzerland 97.00 Aug/19
Turkey 102.50 Aug/19
United Kingdom -32.00 Sep/19
United States 49.10 Aug/19


Related

Latest