Business confidence seems to have improved, for the first time since the beginning of 2010, particularly in the areas of manufacturing and engineering, whilst retailers and wholesalers were the most pessimistic. April had seen households' expectations for their future finances suffer the biggest slump on record. This is due to UK consumers appearing to be back in the recession after household spending contracted for the second quarter running, at the start of the year.26 May 2011
In the News...
Business confidence seems to have improved, for the first time since the beginning of 2010, particularly in the areas of manufacturing and engineering, whilst retailers and wholesalers were the most pessimistic. April had seen households' expectations for their future finances suffer the biggest slump on record. This is due to UK consumers appearing to be back in the recession after household spending contracted for the second quarter running, at the start of the year.