The Institute of Administrators’ financial confidence index, which measures enterprise leaders’ optimism in regards to the prospects for the UK economic system within the subsequent 12 months, dropped to -38 in September, down from -12 a month prior.
A equally sharp decline got here from enterprise funding intentions, with a three-month consecutive drop from +24 in July to +10 in August after which -6 in September.
The determine recorded final month was the bottom since September 2020 and the sharpest decline because the outset of the Covid-19 pandemic.
UK economic system expands by 0.6% in second quarter
In the meantime, enterprise lead…