A new survey released today by S&P Global shows that UK business confidence is the highest it’s been in two years, with an uptick in expectations for profit, staff hiring and capex.
The UK posted the strongest sentiment out of the 12 economies monitored by the survey. Ireland was the next-highest with a net balance of +43%, while Germany resided at the bottom of the rankings (+10%).
“While growth projections improved, firms were slightly more cautious about the inflation outlook,” said David Owen, senior economist at S&P Global Market Intelligence. “Wage pressures are forecast to remain incredibly sticky, and transport costs could pick up amid global supply chain challenges.”
