Business confidence in the East Midlands remained steady in October with some firms talking about investing in their teams, evolving their offering and investing in sustainability.
Despite global economic volatility, the latest Lloyds Bank’s Business Barometer for the region suggested a higher percentage of companies compared to September had confidence in their business prospects with many hoping to take on more staff.
The survey, which questions 1,200 businesses, provides early signals about 海角视频 economic trends both regionally and nationwide.
Dave Atkinson, regional director for the East Midlands at Lloyds Bank Commercial Banking, said: “It’s encouraging to see confidence among East Midlands businesses hold firm during October.
“It’s particularly pleasing that, even in a challenging environment, firms are planning to invest in their people and in sustainability measures as they target growth.
“To help them with their green ambitions, we offer discounted lending to support investment in sustainability through our Clean Growth Financing Initiative.
“At times like this, it’s also crucial that the region’s businesses remain focused on managing cashflow so that they can make the most of any growth opportunities that come their way.
“We’ll remain firmly by their side to help provide the financial guidance and tools they need to succeed.”
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Hann-Ju Ho, senior economist for Lloyds Bank Commercial Banking, said: “While business confidence has marginally fallen this month, along with a drop in forward looking economic optimism, it is encouraging to see businesses still looking to increase their headcounts.
“However, cost pressures remain evident as businesses raise prices to protect their margins and wage pressure continue to be impactful.
“Given the recent turbulence in financial markets, it will be interesting to see how this will affect business confidence.”