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ICAEW Business Confidence Monitor

Q3: Confidence falls but remains high.

Full national report, plus regional and sectoral reports available below.

National

Business Confidence Monitor

UK Business Confidence Monitor: National

  • Report
The latest national Business Confidence Monitor (BCM) for Q3 2024 shows a slight drop in sentiment. However, confidence remains high as businesses continue to expect sales and profits growth to improve significantly in the year ahead.
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About BCM and methodology

  • Article
  • ICAEW
One of the largest and most comprehensive quarterly surveys, running for 20 years, the BCM includes a vast range of indicators and provides an authoritative and authentic voice on the economy and business issues.
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Documents

Business confidence down as fears grow over tax burden

  • Press release
  • ICAEW
Business confidence fell for the first time in a year as tax fears hit a joint record high ahead of the Autumn Budget, a survey of 1,000 UK business leaders published today (Wednesday 9 October) has found.
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Mircophones

Nations and regions

Scotland
Scotland

Q3: Scottish confidence dips slightly but remains in line with the UK average.

Wales
Wales

Q3: Business confidence rises significantly in Wales.

London
London

Q3: London’s business confidence holds firm.

North West
North West

Q3: Confidence remains positive despite further fall in Q3 2024.

North East
North East

Q3: Business sentiment in the North East among the strongest in the UK.

Yorkshire
Yorkshire & Humber

Q3: Confidence sinks further as profits growth stalls.

West Midlands
West Midlands

Q3: Confidence in the West Midlands edged upwards in Q3 2024.

East Midlands
East Midlands

Q3: Business confidence in the East Midlands falls in Q3 2024.

East of England
East of England

Q3: Business confidence in the East of England falls below the national average.

South West
South West

Q3: Modest improvement in confidence lifts the South West near to the UK average.

South East
South East

Q3: Business confidence in the South East remains among the highest in the UK.

Sectors

Construction hat
Construction

Q3: Construction is now the most confident sector as sentiment edges up again.

Wind turbine
Energy, Water & Mining

Q3: Business Confidence Index plunged in Q3 2024.

Crane
Manufacturing & Engineering

Q3: Business confidence weakens slightly and remains below the UK average

Crate
Retail & Wholesale

Q3: Confidence among Retail & Wholesalers at its highest in over three years.