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UK business confidence held steady at 44% in February, with regional and sectoral variations.
South East business confidence rose 16 points to 38% in February, driven by improved outlooks on local prospects and the wider economy, according to Lloyds Bank's Business Barometer.
Nationally, UK business confidence held steady at 44%, with firms' outlook on their own trading prospects dipping to 53% while optimism about the broader economy rose to 36%.
London, the North West, and Northern Ireland led in confidence, with construction and manufacturing seeing gains.
West Midlands confidence fell sharply to 34%, while retail and services saw slight declines.
Firms in both regions prioritized expanding into new markets and investing in staff training, and Lloyds noted that the Bank of England’s decision to hold interest rates steady may have eased business concerns despite rising pricing expectations.
La confianza de las empresas del Reino Unido se mantuvo estable en el 44% en febrero, con variaciones regionales y sectoriales.