The CBI's quarterly gauge of manufacturing optimism in the UK dropped to -34 in the second quarter of 2022 from -9 in the previous three-month period. It was the weakest morale since April 2020 as growth in manufacturing output and new orders slowed and costs and selling prices grew at their fastest paces in over 40 years. Investment intentions weakened notably, but employment growth improved and is expected to pick up further next quarter. Meanwhile, the cost of raw materials was the most important factor behind expectations for cost growth in the next three months (80% of respondents said this was extremely important), followed by energy costs (59%), transport costs (41%) and labour costs (38%). source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -3.94 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 July of 2022.
Business Confidence in the United Kingdom is expected to be -34.00 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.