In an “about face” from the January C19 Index, business confidence among AGN Member firms has risen significantly from -16% to +27%! Confidence relating to the past 30 days is now at the highest levels since June 2020.
Business confidence for the upcoming month shows increasing positivity – however, only 45% of respondents believe there will be some improvement within the next 90 days, in contrast to 54% in January.
That being said, the return to normality seems to be closer in range, as 23% of AGN members believe economic activity will return to normal within 12 months, up from 16% last time. There seems to be a picture of modest optimism alongside a recognition that there remains a long way to go. This might of course be particularly true as the withdrawal of various government interventions begins to be anticipated.