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UK business confidence weakens as doubts grow over wider economy
['David Milliken']
Zawya.com - All Regional News
LONDON: British business confidence has weakened this month after executives' view of the global economic outlook declined to its darkest in a year, a survey by Lloyds showed on Friday.
Lloyds' business barometer slipped to a net balance of +44% in January from +47% in December, driven by a 14-point drop in businesses' net economic optimism to a one-year low of +28%.
"Firms are reporting confidence in their trading prospects at the start of the year, despite a slight softening of wider economic optimism.
The survey was based on responses from 1,200 businesses with annual sales of at least 250,000 pounds ($343,750).
$1 = 0.7273 pounds) (Reporting by David Milliken, editing by Andy Bruce)