Significant rise in business confidence, BCC reveals

06 Jan 2017

Business confidence in the UK rose during the last quarter of 2016, research from the British Chambers of Commerce (BCC) has revealed.

Data from the BCC's Quarterly Economic Survey for the fourth and final quarter of 2016 showed that confidence in future turnover, hiring expectations and investment in plant and machinery improved in both the manufacturing and services sectors.

The improvement comes following a slowdown in domestic sales and orders growth for the services sector in the third quarter of 2016.

However, the survey, which collected information from 7,250 companies, also suggested that profit and turnover confidence is still at a relatively low level, compared to confidence levels over past three years.

Adam Marshall, Director General of the BCC, commented: 'Overall, our findings suggest growth will continue in 2017, albeit at a more modest pace.

'The government must act strongly this year to support investment and improve the business environment – both of which are crucial to boosting business confidence and therefore further growth.'


© 2019 Mark J Rees LLP. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0116 2549018

Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.