Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Mid-year slump in business confidence confirmed by July data

by July 31, 2023
July 31, 2023
Mid-year slump in business confidence confirmed by July data

New data from the Institute of Directors shows the drop in business confidence that was picked up in June has been sustained into July.

The monthly IoD Directors’ Economic Confidence Index, which is the most-timely indicator of UK business sentiment, fell from -6 in May to -31 in June, suggesting a significant deterioration in the business environment. Today’s data for July gives a similar reading of -30 confirming that the deterioration in June was a substantive change rather than a monthly blip.

Kitty Ussher, Chief Economist at the Institute of Directors, said: “Business leaders are feeling a mid-year slump in confidence compared to earlier in the year: the IoD Directors’ Economic Confidence Index has now come in at the relatively low level of around -30 for the second month in a row.

“With inflation proving more persistent than was previously expected, and more firms starting to experience the negative impact of rising interest rates, there is a greater sense of caution in the air than in the Spring. Although our data still suggests economic growth, investment intentions are lower due to increased awareness of external economic risk.”

The IoD Directors’ Economic Confidence Index measures the net positive answers from members of the Institute of Directors to the question ‘How optimistic are you about the wider UK economy over the next 12 months?’ on a five-point scale from ‘very optimistic’ to ‘very pessimistic’.

New data points will continue to be made available on the first day of each month containing data obtained from a survey of IoD members that is in the field during the previous month.

Read more:
Mid-year slump in business confidence confirmed by July data

0
FacebookTwitterGoogle +Pinterest
previous post
Several House Republicans urge lawmakers return to DC after DOJ requests Devon Archer’s surrender
next post
Did Global Population Really Surpass 8 Billion Last Year?

You may also like

Escape to the country: British boom in rural...

August 14, 2023

Legislate raises $3.6M to give startups & SMEs...

March 14, 2023

UK economy beats expectations with November growth

January 16, 2023

Amazon pledges $4bn to Anthropic in race for...

September 25, 2023

Reeves leaves door open for March emergency budget

January 15, 2025

Catalogue firm Easylife fined for using shoppers’ habits...

October 7, 2022

Rachel Reeves: Labour Will Prioritise Pro-Business Policies, Aiming...

April 25, 2024

Amazon’s main UK division pays no corporation tax...

June 1, 2023

Lawyers Admit to Overbilling Clients in Anonymous Poll

April 11, 2024

A Beginner’s Guide to iGaming

March 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved