The CBI's quarterly gauge of manufacturing optimism in the UK fell to 27 in the third quarter of 2021 from 38 in the previous three-month period, which was the highest level since the second quarter of 1973. Concerns about the availability of materials/components, skilled labour, and plant capacity as factors likely to limit output were at their most heightened since the mid-1970s. The manufacturing sector also continues to face acute cost pressures with firms reporting that average costs growth in the three months to July accelerated to its fastest pace since 1980. Meanwhile, the outlook further ahead is more positive, with investment intentions for plant & machinery and training & retraining improving to their strongest since 1988 and 2015, respectively. source: Confederation of British Industry
Business Confidence in the United Kingdom averaged -3.82 points from 1958 until 2021, reaching an all time high of 55 points in the third quarter of 1959 and a record low of -87 points in the second quarter of 2020. This page provides - United Kingdom Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Business Confidence in the United Kingdom is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in the United Kingdom to stand at 12.00 in 12 months time. In the long-term, the United Kingdom Business Confidence is projected to trend around 5.00 points in 2022 and -2.00 points in 2023, according to our econometric models.