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Confidence of bosses takes another hit.

BUSINESS confidence among UK firms fell back in recent weeks, showing that the recovery from recession is likely to be "gradual and uneven", according to a report published today.

A survey of 200 companies by Lloyds TSB showed that just over half were more upbeat than a year ago, but one in five were more pessimistic.

Confidence levels are still higher than a year ago and distribution firms were more confident than services businesses about the outlook. The North and the Midlands suffered the biggest falls in confidence.

Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said: "Although confidence levels fell back at the end of the year, the context here is critical. Across the board, businesses are now far more optimistic about the economic outlook than they were 12 months earlier."
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Publication:The Journal (Newcastle, England)
Date:Jan 18, 2010
Words:133
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