BDO Business Trends Report

UK Business Confidence “at its Lowest”

UK Business Confidence “at its Lowest”

Small business confidence is at its lowest in over a year, according to the BDO’s latest Business Trends Report, as investment and output drops. Based on its ‘Optimism Index’ which predicts growth six months ahead, business confidence in the economy  is now only just above the average at 101.0 and, although higher at 103.3, sales orders for the next three months is also on a “downward trend” The rate of growth in employment is also dipping, Employment, coming in at 105.2 – the lowest level recorded by BDO since 2014. The report suggests that the drop in business confidence and investment will have a negative effect on the UK’s overall economic growth in 2016. Commenting on the findings, Peter Hemington, partner at BDO LLP, said: “Doubts about the world economy are making the UK’s business ... »