hiring intentions

Businesses Unfazed by Election Uncertainty as Optimism Remains High

Overall business confidence is up as firms expect economic growth and hiring intentions remain positive UK firms appear to be undisturbed by the current political uncertainty, with the majority remaining cautiously optimistic for economic growth, according to accountancy firm BDO’s Business Trends report. Both the BDO’s Output and Optimism Indices (predicting three and six month’s economic growth) remained high at 102.9 and 104.4 respectively – representing an increase above the long-term trend rate. Furthermore, many businesses are planning to expand in the imminent future, with employment predictions also above the norm at 111.6. The report revealed that confidence is particularly high in the manufacturing industry (a trend which was also found in a report released last week) with the re... »