"Business confidence in London fell 12 points during September to 57%, according to the latest Business Barometer from Lloyds. Companies in London reported lower confidence in their own business prospects month-on-month, down 22 points at 64%. When taken alongside their optimism in the economy, down three points to 50%, this gives a headline confidence reading of 57% (vs. 69% in August) - the second highest of any UK nation or region in September, and above the UK average."
"Firms across manufacturing, construction, retail and services all saw confidence fall this month. The biggest change was in manufacturing with a decline of 31 points to 31%, a two-year low. Retail sentiment fell 17 points to 40%, its lowest level in four months. Similarly, confidence in the service sector fell six points to 47%, the lowest reading since April. Construction continued to decline for the fourth consecutive month, dropping 5 points to 35%."
Business confidence in London fell 12 points in September to 57%. Companies in London reported lower confidence in their own trading prospects, down 22 points to 64%, while optimism in the wider economy fell three points to 50%, producing a headline reading of 57% versus 69% in August. London businesses identified top growth targets for the next six months as introducing new technology (54%), investing in teams through training (51%) and entering new markets (40%). The Business Barometer surveys 1,200 firms monthly. Nationally, UK confidence fell 12 points to 42%, with sectoral declines evident across manufacturing, retail, services and construction.
Read at London Business News | Londonlovesbusiness.com
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