Business Confidence Levels
Let’s close this Bulletin by taking a look at business confidence and the mixed messages that are coming out from various surveys.
First of all, Lloyds Bank’s monthly Business Barometer review. That showed some good news with confidence levels showing a month-on-month increase since the low in March. Also economic sentiment, that’s also increasing as well.
It’s good to see that some businesses are starting to feel a little bit more confident, but of course, that confidence level is well off the long-term average reported in that series from Lloyds Bank.
On the flip side, though, not such good news from the FSB quarterly Small Business Index. There, 23% of businesses surveyed said that the next three months is definitely going to be worse for them than the previous three months. So, there are some businesses that are looking ahead which feel well away from coming out of the danger zone. It just shows that many businesses are probably balancing on a bit of a knife edge.
If you’re in that position, don’t forget, it’s all about getting the right advice now, so please do reach out to your accountant and your other professional advisors. If you’re in the position where you’re not feeling that safe, of course, keep watching the Business Finance Bulletin and I’ll have lots of tips for you on how to make sure that you get yourself back onto an even financial keel.
That’s it for another Bulletin. As ever, I hope you enjoyed watching it, and if you did, please, don’t forget to give it a, like and a share.
That’s it. I hope you have a safe, successful, and healthy week and I look forward to being with you again next time.