Improving Business Confidence in South West England

Wednesday 22nd December 2021

According to the latest Business Barometer from Lloyds Bank Commercial Banking, a survey of companies in the South West region reported higher confidence in their business prospects compared with the previous month. For the full picture on this subject please read the news bulletin below which was issued by Insider Media Ltd. today.

Roger Mundy, Managing Director, Beardsley Theobalds, 22nd December 2021

 

South West Confidence High Despite Slight Dip - Lloyds Bank

Business confidence in the South West remains high, according to new data, despite falling five points during December.

The latest Business Barometer from Lloyds Bank Commercial Banking shows that companies in the region reported higher confidence in their own business prospects month-on-month, up four points at 33 per cent.

When taken alongside their optimism in the economy – down 12 points to 27 per cent – this gave a headline confidence reading of 29 per cent.

The survey captured responses between 26 November and 10 December. The first two cases of Omicron in the UK were confirmed on 27 November and nations began announcing the reintroduction of restrictions in the week commencing 6 December.

David Beaumont, regional director for the South West at Lloyds Bank Commercial Banking, said: "While it's reassuring to see confidence was high among the region's business leaders when the survey was taken, there are challenges on the horizon that could temper this in the coming months, chiefly the emergence of the Omicron variant, trade disruption and rising costs.

"Businesses have navigated much disruption over the past year, showing great resilience in the most difficult of operating environments. We'll be by the side of firms in the coming months as they prepare for a brighter 2022."