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Business confidence grows in financial sectors
Business confidence in the UK's financial sectors is beginning to return, according to a quarterly survey by the Confederation of British Industry (CBI).
Just under 30% of firms predicted an increase in business volumes - the largest figure since March 2007 - and 13% of businesses were more upbeat regarding general business prospects than they were in the previous quarter.
The quarterly survey also revealed that just 1% of respondents believed that there is a risk of the financial markets deteriorating further, compared to 45% who responded this way in March.
"Having seen business volumes tumble continuously for 21 months, some parts of the financial services sector look like they may be starting to come through the worst," said CBI chief economist Ian McCafferty.
Post Date: June 29th, 2009
Just under 30% of firms predicted an increase in business volumes - the largest figure since March 2007 - and 13% of businesses were more upbeat regarding general business prospects than they were in the previous quarter.
The quarterly survey also revealed that just 1% of respondents believed that there is a risk of the financial markets deteriorating further, compared to 45% who responded this way in March.
"Having seen business volumes tumble continuously for 21 months, some parts of the financial services sector look like they may be starting to come through the worst," said CBI chief economist Ian McCafferty.
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Post Date: June 29th, 2009
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