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Business confidence in Wales rose in July; IN BRIEF.

>> Business confidence in Wales rose in July BUSINESS confidence in Wales rose four points during July to 16 per cent, according to the latest Business Barometer from Lloyds Bank Commercial Banking.

Companies in Wales reported lower confidence in their business prospects, which fell 12 points to 11 per cent, but higher economic optimism, which rose 19 points to 20 per cent. Together, this gives an overall confidence of 16 per cent. Businesses' hiring intentions showed a net balance of 10 per cent of businesses in Wales expected to hire more staff during the next year, down 17 points on last month.

Across the UK, overall confidence stood steady at 13 per cent as firms' confidence in their own prospects slipped three points to 19 per cent, while their economic optimism remained at five per cent.

The Business Barometer questions 1,200 businesses monthly and provides early signals about UK economic trends both regionally and nationwide.

David Beaumont, regional director for Wales at Lloyds Bank Commercial Banking, said: "It's pleasing to see that overall business confidence remains above the national average and has risen seven points since January."

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Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:Aug 7, 2019
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