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ICAEW Business Confidence Monitor

Q2: Confidence Slumps to Near Four-Year Low as Businesses Nurse Painful Iran War Hangover.

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National

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UK Business Confidence Monitor: National

  • Report
The latest national Business Confidence Monitor (BCM) shows that the Iran War significantly dented confidence as it dropped to a near four-year low and suffered its sixth successive negative quarterly score. Companies reported rising costs pressures, weaker expected sales and profits growth for the coming year, while late payment concerns hit a five-year high.
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UK nations and regions

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Scotland

Q2 regional report will be available soon.

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Wales

Q2 regional report will be available soon.

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England

Nine regional reports offer insight into business confidence across England. Find out more about your region.

Sectors

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Construction

Q2 sectoral report will be available soon.

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Energy, Water & Mining

Q2 sectoral report will be available soon.

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Manufacturing & Engineering

Q2 sectoral report will be available soon.

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Retail & Wholesale

Q2 sectoral report will be available soon.

International economic updates

Economic Update: Mainland China and South-East Asia

  • Report
The 2025 Q2 Economic Insight Report provides an analysis of the current trends and challenges facing the economies of China, Malaysia, and Singapore. China’s growth outlook is buffeted by the heightened trade tensions with the US, that could worsen existing domestic challenges and further push out the long-drawn property sector adjustment.
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Economic Update: Middle East

  • Report
The ICAEW Economic Update: Middle East, is a quarterly economic forecast for the region prepared directly for the finance profession.
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