Business confidence bounced back from August’s nine-month low according to Lloyds Bank.
Lloyds Bank’s Business Barometer for September 2018 headlines ‘Business confidence recovers after August blip as economic optimism rises’.
Business confidence – an average of business prospects and economic optimism – bounced back from August’s nine-month low, rising six points in September to 29 per cent, according to the latest Business Barometer from Lloyds Bank Commercial Banking.
Hann-Ju Ho, Senior Economist, Lloyds Bank Commercial Banking, said: “August’s dip in economic confidence, and consequently in overall business confidence, appears to have been just that – a dip – and has been reversed in September.
“A brighter outlook, while potentially linked to what many firms saw as increasing signs of progress in Brexit negotiations earlier in the month, illustrates a more positive view on the balance of risks facing businesses as we enter the fourth quarter of the year.”
Read the Lloyds Bank’s Business Barometer – September 2018 report released 28th September 2018 in full click here.