Business confidence across the North East is low but remained unchanged across November, new research indicates.
Lloyds Bank Commercial Banking's Business Barometer quizzed firms ahead of the Autumn Statement and found the headline confidence reading of 10% was unchanged from October. However, companies' confidence in their own prospects was actually down 17 points and was counterbalanced by renewed optimism in the wider economy, up 20 points to 11%.
This was set against a national backdrop of a five point fall in business confidence with firms' outlook on their own future trading down two points to 25% and a negative view of the economy as a whole a -2%.
