Orange & Gold Blog

Highlights from latest business confidence survey

The latest Business Confidence Monitor survey, for Q1 of 2014, showed another increase in confidence to a new record high, making it the sixth consecutive quarter of growing confidence. The report, from the Institute of Chartered Accountants and Grant Thornton, predicts that this should translate into further acceleration in economic growth to that seen in Q4 of 2013. Business performance generally is improving, with increases in turnover and profit and businesses are also reporting more capital investment - a key requirement for a sustainable recovery. However, the low point remains exports, which are stubbornly refusing to show any meaningful growth - something which is also seen as crucial for continued recovery and prosperity, given the UK's trade deficit.