Businesses confident of stronger start
industry: Firms in Yorkshire are growing in confidence, according to a report.
They are buoyed by a more positive outlook for Europe and are hopeful of a boost to business activity during the first half of 2013 according to the latest Business In Britain report from Lloyds TSB Commercial.
The twice-yearly report canvasses the views of 1,800 UK businesses, including 96 firms in Yorkshire, and shows that optimism is at its strongest level since the economy came out of the initial recession in 2009, driven in particular by stronger profit expectations but also by a better outlook for sales and orders. Businesses in Yorkshire continue to increase in confidence, with a lift in profit and sales expectations.
The survey's key business confidence index tracks businesses' views of likely sales, orders and profits for the coming six months and presents the overall "balance" of opinion, weighing up the percentage of firms that are positive in outlook against those that are negative.
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Employment and investment intentions for the next six months have only moderately increased.