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Birmingham Post

Business

Lauren Phillips

Welsh business confidence bounces back as firms report positive outlook on economy

Economy Wales Lloyds Bank Commercial Banking

Businesses in Wales are less confident in their own trading prospects, but more optimistic about the economy, a new report has found.

According to the latest Business Barometer from Lloyds Bank Commercial Banking for October, Welsh firms reported lower confidence in their own business prospects month-on-month, down six points to 12%, but a greater optimism in the economy (rising 23 points to -4%).

This gave a positive headline business confidence reading of 5% - up nine points from September.

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