Overview
- Lloyds Bank’s monthly Business Barometer rose four points in August to a headline reading of +53%, the highest level since March.
- Firms’ optimism about the wider economy climbed to +49% and their own trading outlook rose to +58%, according to the Ipsos survey of 1,200 companies used by Lloyds.
- The share of businesses planning to raise prices in the next 12 months fell three percentage points to 51%, its lowest level since 2022.
- The national improvement masks sharp regional swings, with confidence down 15 points in Yorkshire to 46%, down 30 points in the North East to 45%, and down 10 points in the West Midlands to 47%.
- Lloyds executives said stronger demand is supporting firms’ hiring and investment plans and the survey, which has run monthly since 2002, aligns with S&P Global data showing faster business growth this month.