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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Confidence among Welsh firms grows for second month

Confidence among businesses in Wales continued to grow for a second consecutive month in November. The latest report from Lloyd's Bank Business Barometer found that business confidence rose 12 points from October to 17% - the second highest increase in the UK after Scotland.

Welsh firms reported higher confidence in their own business prospects month-on-month, up 24 points at 36%. Taken alongside their optimism in the economy, down one point to -3%, this gave a positivie headline confidence reading of 17%.

Welsh businesses identified their top target areas for growth in the next six months as investing in their team (35%), evolving their offering (29%), and investing in sustainability (28%).

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