Business Confidence Among British Company Directors Soars in December: IoD Survey

According to a recent survey by the IoD, business confidence among British companies has soared to the highest levels since the 2016 Brexit

Arslan Butt•Monday, December 23, 2019•1 min read

Business Confidence Among British Company Directors Soars in December: IoD Survey

According to a recent survey by the Institute of Directors (IoD), business confidence among British companies has soared to the highest levels since the 2016 referendum in December. Business confidence has surged to +21% in December from -18% in the previous month, turning positive for the first time since early 2018.

Company directors polled expressed their optimism in PM Boris Johnson’s recent victory as it has increased the certainty surrounding Brexit, boosting their optimism towards drafting plans for investment, hiring and business expansion in the near future. The business confidence measure has languished in negative territory, indicating pessimism among companies, for over 18 months.

A higher proportion of company directors, especially from larger firms, have expressed greater optimism about economic prospects in the coming year, rising from 46% in December’s polls from the previous month’s figure of 26%. In addition, around 18% of company directors expect an increase in their business investments even as they feel their businesses will experience higher costs in the next 12 months.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.