The Savanta Business Confidence Index saw a decline this quarter, from 39 in Q2 2023 to 37 in Q3 2023, although this is not significant. Confidence is now only slightly higher than it was during the first lockdown in Q2 2020, when it plunged to 35. High levels of insolvency and bankruptcy are clearly taking their toll and having a negative impact on the overall Business Confidence Index.
About Market Vue Business Confidence
Quarter findings are from Savanta’s Market Vue Business Confidence programme conducted among 2610 GB businesses from start-ups to companies with £1bn turnover, surveyed from between 24th June 2023 – 18th September 2023. Indices are mean scores based on a scale of ‘extremely positive’ (100), ‘fairly positive’ (75), ‘neither positive nor negative’ (50), ‘fairly negative’ (25) and ‘extremely negative’ (0), for the question “How do you feel about the current health of the UK economy?”
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