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Business confidence doubles since start of year
Business confidence almost doubled during the last quarter compared to the start of the year, according to a survey by KPMG.
The survey revealed that 42% of company executives said that business prospects are good, up from 22% who thought this in the first quarter of the year.
Confidence over the general state of the UK economy also improved, with 53% saying that the UK’s economic outlook is bad compared to 81% who responded this way at the start of the year. Just over half of respondents think that the UK has reached the bottom of the economic cycle.
“While it’s encouraging that there has been an increase in confidence, this is only an improvement compared to the Spring which revealed the lowest levels of optimism since our survey began in 2004,” said Malcolm Edge of KPMG.
Post Date: June 22nd, 2009
The survey revealed that 42% of company executives said that business prospects are good, up from 22% who thought this in the first quarter of the year.
Confidence over the general state of the UK economy also improved, with 53% saying that the UK’s economic outlook is bad compared to 81% who responded this way at the start of the year. Just over half of respondents think that the UK has reached the bottom of the economic cycle.
“While it’s encouraging that there has been an increase in confidence, this is only an improvement compared to the Spring which revealed the lowest levels of optimism since our survey began in 2004,” said Malcolm Edge of KPMG.
Post Date: June 22nd, 2009
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