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BREXIT SENDS LOGISTICS OPTIMISM TO RECORD LOW; IN BRIEF.

Optimism in the logistics sector has plummeted to record lows as the industry battles Brexit fears. According to the Logistics Confidence Index compiled by Barclays and BDO, the industry has reported net pessimism for the first time since records began in 2012. The index showed an overall reading of 49.7, dipping below the 50 mark, which indicates that the sector is more pessimistic than optimistic about the state of the market. Increasingly challenging business conditions drove the drop in confidence, with many respondents to the survey citing Brexit concerns as a major issue. Almost half of businesses had made lower levels of investment or delayed decisions since the 2016 referendum.

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Publication:City AM (London, England)
Date:Jul 4, 2019
Words:111
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