The net balance of UK firms forecasting higher levels of business activity in the next year has fallen to 67% , the lowest figure since six years , according to IHS Markit's data. This litmus test of corporate confidence demonstrates that many businesses are pessimistic over Brexit . Job creation plans are at their most bleak in six years , while growth predictions have dropped to a survey-record low due to higher costs and an adverse labour market. Nine out of Nine Brexit manufacturers and 28% of service companies have commissioned an investigation into the impact of Brexit on their businesses.
The net balance of UK firms forecasting higher levels of business activity in the next year has fallen to 28%, the lowest figure since October 2009, according to IHS Markit's data. This litmus test of corporate confidence demonstrates that many businesses are pessimistic over Brexit. Job creation plans are at their most bleak in six years, while growth predictions have dropped to a survey-record low due to higher costs and an adverse labour market. Nine out of 10 UK manufacturers and 67% of service companies have commissioned an investigation into the impact of Brexit on their businesses.