Over a thousand businesses were monitored to put together a survey which shows that business confidence at the start of 2012 is in negative territory. The Business Confidence Monitor (BCM) is an indicator for growth and can make predictions regarding the recession and pick up on early warning signs.
Two declining quarters of gross domestic product declining could be the indication that the UK economy is currently be in the midst of recession.
In London, the Confidence Index has dropped 33.8 points since quarter 1 2011.
The findings from the Business Confidence Monitor this quarter would suggest that after the record fall in the last quarter business confidence hasn’t declined further, however businesses do remain cautious about the UK’s economic outlook. Businesses are bracing themselves for a long road to recovery as financial performance indicators are increasing at a very slow rate.
If your company is in financial crisis it doesn’t have to be the end, contact Beer and Young today for a free no obligation chat and find out what they can do to help.
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