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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Small rise in business confidence across Wales as firms cautiously optimistic entering 2023

Wales Economy Lloyds Bank Commercial Banking

Business confidence in Wales remained positive in December as firms showed cautious optimism for the New Year.

According to the latest figures from Lloyds Bank’s Business Barometer, confidence in Wales rose one point during December to 18% as companies anticipate inflation, supply chain disruption and labour shortages easing.

However, firms in Wales were much more optimistic in the economy (up nine points to 6%) than in their own business prospects month-on-month (down five points at 31%).

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