November 19, 2004—The latest i-FM Barclays Business Confidence Index shows a strong upswing from the caution of recent months towards real optimism about the state of the market.
In the fourth quarter of 2004 the Index has climbed to 81% from its Q3 level of 77%. The Index reflects the experiences and expectations of senior executives from the Top 40 companies in the sector.
Optimism is notably strong on four key measures: staff growth, capital investment, turnover and orders.
In a further sign of confidence, 70% of respondents said it was likely they would be making an acquisition within the next 12 months—30% said this was very likely.
Despite this turn-around in views, some concerns about challenges in the marketplace were also expressed. These centered on the pressures of competitive bidding and increasing legislation.
For more information, contact Barclays.
Reprinted with permission; copyright 2004 i-FM
