BDO data points to ‘confidence cocktail’

THE latest monthly Business Trends report from accountancy group BDO suggests growing first half confidence.

Its Optimism Index, which tracks how businesses expect orders to develop over the near term, shows confidence rose to a new quarterly high of 104.9 in December, well above the 100 mark indicating the long-term average.

The firm said optimistic businesses are expected to take on more full-time, rather than part-time staff which will boost real wages and household spending power.

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