National
UK Business Confidence Monitor: National
The latest Business Confidence Monitor (BCM) for Q4 2023 shows a slight shift in sentiment within the quarter. However, the quarter-on-quarter improvement in sentiment is marginal, remaining broadly steady at a similar level over the last few quarters. Overall confidence continues to fall short of the pre-pandemic average.
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About BCM and methodology
Based on a robust methodology and wide coverage, running since 2004, the BCM includes a vast range of indicators and provides an authoritative and authentic voice on the economy and business issues.
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Business confidence treads water amid customer demand challenges
Business confidence in the UK has risen marginally but remains below pre-pandemic levels as wider economic concerns take their toll, a survey of business leaders published today (Monday 29 January 2024) has found.
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Nations and regions
Yorkshire & Humber
Q4: Business confidence is marginally negative in Yorkshire & Humberside.
West Midlands
Q4: Business confidence edged up and is strongest in the West Midlands.
South East
Q4: Business sentiment in the South East remains fragile, but shows some improvement.
Sectors
Manufacturing & Engineering
Q4: Business Confidence Index stays positive for Manufacturing & Engineering.