Firms up­beat on own prospects as UK con­fi­dence falls

The Courier & Advertiser (Fife Edition) - - BUSINESS -

Scot­tish firms are back­ing them­selves to suc­ceed de­spite con­cerns over a wors­en­ing eco­nomic land­scape.

Bank of Scot­land Com­mer­cial Bank­ing’s lat­est Busi­ness Barom­e­ter found a slight im­prove­ment in com­pany con­fi­dence north of the bor­der in the past month.

The rise came de­spite a small fall in op­ti­mism over the UK’s prospects and a 6% dip to 17% in over­all con­fi­dence in the Bri­tish econ­omy.

“De­spite over­all con­fi­dence fall­ing, it’s en­cour­ag­ing to see the con­fi­dence in busi­nesses’ own prospects edg­ing higher across Scot­land,” Jane ClarkHutchi­son, head of mid-mar­kets, Scot­land, said. “The fig­ures are in keep­ing with the av­er­age of all re­gions out­side Lon­don and re­flect how re­silient busi­nesses are through­out Scot­land. De­spite ex­pect­ing the wider eco­nomic pic­ture to de­te­ri­o­rate, firms back them­selves to suc­ceed.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.