British businesses’ confidence about the economic outlook fell this month, according to a survey by Lloyds. The survey showed that businesses’ overall confidence fell by 3 points to +44, below its 12-month average of +47.

Survey Findings

The net balance in confidence about the wider economy fell by 4 points to +31, and lower than the 12-month average of +38. Firms’ optimism about their own trading outlook decreased by 2 points to +56, still close to its 12-month average of +57, with 64% of firms expecting stronger output in the coming year.

Confidence among manufacturing companies showed a 10-point fall to +33 in June, well below its 12-month average of +46. Hiring intentions for the 12 months ahead rose for the first time in three months.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.