Indicators
UK Businesses Confidence Drops With Darkening Economic Outlook
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UK businesses confidence dropped in two separate surveys, reflecting a darkening economic outlook marked by recession and persistent inflation.
The Confederation of British Industry said optimism fell across the services sector for the third consecutive quarter, with the most pronounced drop among business and professional services. Lloyds Bank Plc said its measure of sentiment fell to 10% in November from 15% in October -- the lowest levels since February 2021.