Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Poll reveals business confidence falling among industry leaders

19 December 2018 by
Poll reveals business confidence falling among industry leaders

The number of business leaders with confidence in their own company's future has fallen, a poll from CGA and Fourth has revealed.

The business confidence survey found that 63% of polled senior executives from across the pub, bar and restaurant sector were confident in their own company's prospects for the next 12 months, down from 69% in July.

However, there was a slight uptick in perceptions of the sector as a whole. The latest figures put confidence in the market at 39%, up from 36% in July and 34% in February.

CGA group chief executive Phil Tate said: "This simply reflects the volatility and uncertainty in the market.

"Our latest CGA Business Confidence Survey reflects a complex and mixed picture at the moment. Many businesses continue to find conditions extremely challenging and confidence clearly remains fragile as the year ends. Christmas trading will now have an enormous impact on the levels of optimism as we enter 2019."

The low levels of optimism come despite 38% of respondents reporting that performance over the past six months was ahead of expectations. However, 23% found they had traded below their predictions over the period.

Tate added: "Many drinks-led pub businesses are clearly buoyant at the moment, riding high on the hot summer and World Cup and anticipating a strong festive period.

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking