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AGN Covid Business Recovery Index – March 2021

Posted on April 9th, 2021

BUSINESS CONFIDENCE GETS A BOOST AS VACCINE DEPLOYMENT GATHERS PACE

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.


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