World Economy

UK Business Optimism Up

UK Business Optimism UpUK Business Optimism Up

UK business optimism is rising fast on the back of an upbeat outlook for the UK economy, according to the latest Business Trends Report by accountants and business advisers BDO LLP. Business Insider reported. BDO’s Optimism Index, which indicates how firms expect their order books to develop in the coming six months, increased from 98.0 to 102.2 in December, above its long term trend. This signals that businesses are continuing to stay resilient following the referendum result, the declining value of sterling and volatility in the global economy. The rise is a result of a sharp improvement in both manufacturing and services sectors which gained momentum towards the close of 2016.

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