The Leeds Business Confidence Index (LBCI) Q2 2021
Business confidence increased sharply from Q1 2021 to Q2 2021, and marked further improvement looking out two quarters to Q3 2021, largely due to the pace of vaccinations and the expectations about easing economic restrictions. Optimism was revised up from the December survey for the second quarter that coincides with momentum in the recovery. One-third of panelists cited the COVID-19 vaccine as the main driver for their outlook, and one-fifth cited the easing of restrictions for their sentiments.