Foreign sales boost business confidence

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Businesses in the UK are becoming increasingly confident about sales and profitability, driven by foreign markets, according to research by Lloyds TSB Commercial.

The organisation's latest Business in Britain Confidence Index shows a net positive balance of 18% for June; the highest since 2007. Growing confidence has been mainly driven by expectations surrounding foreign sales, with a positive balance of 42% of businesses predicting an increase in this area. This has also led to manufacturing becoming the sector feeling the most confident, at 33%, with financial services recording 21%. However, the overall confidence balance still remains short of the long term survey average of 22% which the bank has attributed to lingering doubts around do...

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