By Daniel Hunter
The latest Business Confidence Survey — conducted by Charterhouse Research — has highlighted a positive indication of some green shoots of recovery.
For the first time since the Survey began, in June 2011, there are more businesses believing that the UK economic conditions will improve as opposed to those that think it will worsen; this is particularly true for new businesses who are the most positive.
“It is encouraging to see businesses are feeling more positive about the future, maybe there’s finally some light at the end of the tunnel," Mark Dennis, Director at Charterhouse, said.
"29% of businesses now believe the economy will improve, against 20% who think it will worsen. More positive thinking can only help.”
“In addition, only 43% of businesses are feeling negative about the current state of the economy, despite continuing fears of the Eurozone and prolonged recession. This is lower than the 54% figure that was shown in our Survey results from September to November last year,” continued Dennis.
Some of the key findings from the latest Survey are:
· In terms of attitudes towards the current UK economy:
o 22% of UK businesses feel positive
o 43% of UK businesses feel negative about the current UK economy, down from 54%
· Regarding views for economic outlook over the next six months:
o 29% of UK businesses believe the UK economy will improve
o 50% believe it will be the same as now
o 20% believe it will worsen
o 34% of new businesses believe it will improve; 17% say it will worsen
· When asked for an outlook on their own business prospects:
o 54% believe they will experience growth over the next six months
o Only 5% are predicting a decline
These findings are taken from a Business Confidence survey conducted by Charterhouse Research amongst British businesses; 3,209 businesses were surveyed between March and May 2012 ranging from start-ups to companies with a turnover of £1bn.
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