Business confidence has dipped, report says

BUSINESS confidence has deteriorated despite export growth holding up, according to the latest ICAEW/Grant Thornton UK Business Confidence Monitor. 

Key findings from the survey, which covers activity so far in the third quarter of the year, found that the index stands at +1.1, down from +12 in the second quarter and the fourth largest quarterly decline since BCM began.

Businesses have revised down their expectations of future turnover and profit growth as domestic demand remains weak, the survey found.

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