United Kingdom Business Confidence

Last Release

Jun 30, 2024

Actual

Units In

Points

-3

Frequency

Quarterly

Next Release

Jul 25, 2024

Time to Release

2 Months 29 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
55 Sep 1959	-87 Jun 2020	-4.13 Points	1958-2024	N/A

In the United Kingdom, the Business Optimism Index is published by the Confederation of British Industry's in its Industrial Trends Survey. An average of 400 small, medium and large companies from the manufacturing sector is surveyed each quarter. The Questionnaire accesses the overall sentiment regarding general and export business situation, investment, capacity, order books, employment, output, stocks, prices competitiveness regarding domestic, EU and non-EU markets and innovation and training. For each assessment is computed a sub-index as the percentage of positive answers minus the percentage of negative answers. The composite index is then computed as the weighted average of the sub-indices. An Optimism Index of +100 indicates that all survey respondents are much more confident about future prospects, while -100 suggests that all survey respondents are much less confident about future prospects. An index level of 0 indicates neutrality.

Latest Updates

Sentiment in the UK manufacturing sector rose to 9 in the quarter to April 2024 and output expectations reached a six-month high, as indicated by the latest CBI Industrial Trends Survey. Output levels remained steady in the three months leading up to April, after significant drops in the first quarter of 2024. Manufacturers anticipate a rise in output over the next three months, with expectations at their highest since October 2023. Despite this positive outlook, average cost growth remains high compared to historical norms, and costs are expected to continue increasing at a strong pace until July. Both domestic and export price inflation are projected to slightly increase in the coming months.