Confidence in the UK economy by property and built environment directors appeared to rise in the turn of the new year, however it does seem that this was a momentary blip, and these gains receded slightly in February, falling to -58 from -55 in January, according to the IoD Property and Built Environment Group's latest PBE Directors' Economic Confidence Index.
Click HERE to download the latest report from the IoD PBE Group in PDF format (thumbnails below).
These figures, gathered from among Institute of Directors (IoD) members in the construction and real estate sectors, align with the IoD's overall Directors’ Economic Confidence Index, which drew back to -64 in February after rising to -59 in January.
The detailed data continue to demonstrate a difference between respondents’ changing attitudes in Construction versus RealEstate, with construction directors slightly more optimistic, rising to -65 (up from -67 in January), while real estate directors’ sentiment fell to -44 (down from -37 in January).
The roller coaster ride continues.