United Kingdom Business Confidence

In the United Kingdom, business confidence improved to -9.3 in the first quarter of 2012 from -9.7 in the fourth quarter of 2011. Historically, from 2004 until 2012, the United Kingdom Business Confidence averaged 1.8700 reaching an all time high of 25.8000 in March of 2010 and a record low of -45.3000 in March of 2009. In the United Kingdom, the ICAEW/Grant Thornton UK Business Confidence Monitor (BCM) is calculated from the response to the following question: Overall, how would you describe your confidence in the economic prospects facing your business over the next 12 months, compared to the previous 12 months? A score is applied to each response, and a weighted average of these scores yields the Confidence Index value. A Confidence Index of +100 would indicate that all survey respondents were much more confident about future prospects, while -100 would indicate that all survey respondents were much less confident about future prospects. This page includes a chart with historical data for the United Kingdom Business Confidence.

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Business Confidence
The Business Confidence Index is an indicator designed to measure he degree of optimism on the state of the economy that business owners are expressing through their activities of investing and spending. Decreasing business confidence often implies slowing economic growth because business owners are likely to decrease their investment. The idea is that the more confident business owners and managers feel about the economy, their companies, their jobs and incomes, the more likely they are to make investments and purchases. When business confidence is measured on a scale between 0 and 100, an index level below 50 means that business owners expecting their company’s performance to be weaker in the next year outnumber those expecting stronger performance.

UNITED KINGDOM NEWS

UK Inflation Down to 3% in April
Published: 5/22/2012 11:17:34 AM By: TradingEconomics.com, UK Statistics
UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data.

U.K. Unemployment Rate Down to 8.2 in March
Published: 5/16/2012 4:26:31 PM By: TradingEconomics.com, ONS
The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.

U.K. Trade Deficit Narrows in March
Published: 5/15/2012 12:47:10 PM By: TradingEconomics.com, ONS
The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.

Bank of England Keeps Monetary Policy Unchanged
Published: 5/10/2012 12:10:23 PM By: TradingEconomics.com, Bank of England
The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.

U.K. Economy Contracts 0.2% in Q1
Published: 5/7/2012 4:50:36 PM By: TradingEconomics.com, UK Office for National Statistics
U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector.

UK Inflation Up to 3.5% in March
Published: 4/18/2012 11:28:58 AM By: TradingEconomics.com, UK Statistics
UK CPI annual inflation stands at 3.5 per cent in March 2012, up from 3.4 per cent in February. The CPI stands at 122.2 in March 2012 based on 2005 = 100.

UK Trade Deficit Widens in February
Published: 4/12/2012 11:27:42 AM By: TradingEconomics.com, UK Office for National Statistics
The UK’s deficit in Trade in Goods and Services increased to £3.4 billion in February, up £0.9 billion from £2.5 billion in January.

Bank of England Leaves Policy Unchanged
Published: 4/5/2012 12:35:17 PM By: TradingEconomics.com, Bank of England
The Bank of England’s Monetary Policy Committee voted on April 5th, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.

UK GDP Contracts 0.3% in Q4
Published: 3/28/2012 2:47:44 PM By: TradingEconomics.com, UK Office for National Statistics
UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent.

UK Annual Inflation Rate Down to 3.4% in February
Published: 3/20/2012 10:41:22 AM By: TradingEconomics.com, UK Office for National Statistics
UK annual inflation stands at 3.4 per cent in February 2012, down from 3.6 per cent in January. The annual rate for February is the lowest since November 2010. The CPI stands at 121.8 in February 2012 based on 2005 = 100

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