Economic trends: future outlook

The private sector is more confident about the period ahead, says CBI economist Stephen Gifford

Over 2013, so far all of the CBI's business surveys – which cover most areas of the private sector economy – have shown that firms feel much more confident about the overall business situation. The rise in confidence has been particularly marked among firms in the business and professional, consumer and financial services sectors, who have reported the fastest growth in sentiment since the late 1990s. But it doesn't stop there: confidence among manufacturers has also been picking up steadily.

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