Confidence of British firms beats global average but risks remain

Chris Papadopoullos
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UK BUSINESSES are among the most optimistic in the world, new survey data shows.

The percentage of firms who think activity will improve over the next 12 months minus the percentage of firms of who think it will deteriorate came to a net balance of 53 per cent, according to figures released today by financial services firm Markit.

It compared to a net balance of 24 per cent in the US, 41 per cent in Germany and a global 27 per cent.

Manufacturers are the most optimistic UK sector, with rising business activity predicted by a net balance of 61 per cent.

“The survey therefore suggests that the UK will continue to grow strongly in 2015,” said economist Oliver Kolodseike from Markit. However, the survey implied a potential rise in interest rates, a strong pound, an uncertain outcome of the general election and Eurozone uncertainty could all dampen future growth.