British business confidence reaches highest level since March, Lloyds says
Lloyds said its business confidence index rose four points to 53 per cent in August, supported by stronger demand and improved economic expectations.
London, United Kingdom. British business confidence rose to its highest level since March in August, according to Lloyds, as firms reported a more positive outlook for the economy and their own trading prospects.
The bank’s monthly business confidence index increased by four points to 53 per cent, above its 12-month average of 47 per cent.
Improving outlook
Lloyds said businesses were reporting stronger customer demand, greater optimism about the wider economy and increasing confidence in their own trading outlook.
Amanda Murphy, chief executive of Lloyds Business and Commercial Banking, said these factors were expected to support investment and growth plans.
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