UK Business Confidences Outpaces EU's Even After Record Lows Recorded
Businesses in the U.K. are more confident than firms in Europe over the future, even following a record-low drop in an index of optimism, according to data from Accenture and S&P Global, Bloomberg reported July 17. The data firms said…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
their net balance measuring whether British companies expect activity to increase dropped to 28% in June from 56% in February. This is the lowest reading since the survey started in 2009, though higher than in other places around the world, including the EU, Bloomberg said. The main cause of the drop is record inflation. Accenture attributed U.K. companies' higher confidence levels than businesses in other countries to being more accustomed to coping with uncertainty, Bloomberg reported.