In February, business confidence in London reached a six-month peak, with overall optimism improving from January. While companies reported a slight decline in confidence in their own business prospects, optimism in the broader economy surged. This translated to a confidence reading of 60%, marking an upward trend. Notably, 56% of businesses anticipate increasing staff over the coming year, indicating growth ambitions focused on training, new markets, and technology adoption. The Business Barometer continues to provide vital economic insights, reflecting broader UK trends which also showed significant gains across various sectors.
A net balance of 56% of businesses in London also expect to increase staff levels over the next year, up seven points on last month.
Companies in London reported slightly lower confidence in their own business prospects month-on-month, down two points at 64%, their optimism in the economy rose 11 points to 56%.
The Business Barometer, which surveys 1,200 businesses monthly... provides early signals about UK economic trends both regionally and nationwide.
Overall, UK business confidence rose 12 points in February to 49% - also its highest level since August 2024.
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