Lloyds Bank

Business confidence hits twenty year high

06 January 2014

Lloyds Bank Commercial Banking Business in Britain report shows growing confidence in wider economy and export prospects

  • Business confidence has reached its strongest level since January 1994, reflecting rising expectations for orders, sales and profits in the next six months
  • Companies are now more optimistic about the economy than they have been at any point since January 2007
  • Businesses have signalled that they intend to boost staff numbers suggesting that employment could rise in 2014
  • Investment intentions have climbed to their highest point for 19 years
  • Export prospects also rising, with firms increasingly targeting Asia-Pacific region
  • Confidence has increased across all regions in the UK, in particular the North and the West Midlands; as well as in all sectors

Business confidence has hit a 20 year high, fuelling hopes of continued growth in the first half of 2014, according to the latest Business in Britain report from Lloyds Bank Commercial Banking.

Read full press release