Optimism and performance of UK companies has improved over the past three months, according to a survey released today by the Institute of Directors (IoD).
The member’s survey, reported in the IoD’s new Economic Outlook, also shows a particularly encouraging improvement in investment intentions. These have jumped sharply over the past year and are improving despite the fact that companies expect interest rates to rise even higher this year.
Specifically the survey shows that:
The balance of those companies performing well versus those performing badly rose to 62% in the latest survey from 53% previously. The balance of those companies more optimistic about their company’s prospects, rose to 38% in the latest survey from 35% previously;
