UK Business Confidence Improves After Post-Referendum Slump – YouGov/Cebr

British businesses recovered some confidence about their prospects after a post-Brexit vote scare, but remained largely pessimistic about the economic outlook, a survey showed on Friday.

The proportion of businesses that were optimistic about their own prospects over the next 12 months rose to 48 percent in August, up from 46 percent in July, according to the monthly survey conducted by YouGov and the Centre for Economics and Business Research (Cebr).

The overall confidence index reached 109.7 in August from 105.0 in July, regaining much of the ground it lost immediately after the UK voted to exit the European Union on June 23, when it fell from June’s 112.6.

Reuters

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