UK company directors have turned more pessimistic on the economy & investment

  • Institute of Directors' (IoD) confidence index fell to -28 in December from -21 in November

A survey by the UK's Institute of Directors' (IoD), its confidence index, dropped to -28 in December

  • from -21 in November
  • it had been rising from June into November
  • this index plots the gap between business leaders who are optimistic about the economy and those who are pessimistic
  • expectations for business investment, costs and wages, and employment were all little changed

Info via Reuters, more here (its not all bad news).

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