UK business confidence rises to 47% in October, Lloyds survey shows
EWU•UK business confidence rose six percentage points to 47% in October. Optimism about the wider economy reached 40%, while businesses’ trading outlook rose to 55%.
1. Confidence and outlook
Optimism about the wider economy increased nine percentage points to 40%, and the trading outlook climbed five points to 55%, with stronger customer demand supporting expectations. The share of firms expecting price increases over the next 12 months rose three points to 55%, driven by cost pressures; services confidence reached 52%, while retail confidence fell to 39%.
