The drop in July was from a three year high in June and is still at a strong level, indicating solid business confidence in the UK.
The result comes as restrictions have largely been lifted after a long period of shur downs.
- transport and hospitality sectors notable more confident in July
- both these sectors show the highest for employment and wages prospects, along with construction
- 39% of businesses expect to raise prices, 5% expect to drop them
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Survey of 1200 businesses conducted during the first 2 weeks of July.