Confidence in UK Economic Outlook On The Up, says...

PARN Global News Article - 3 April 2018

Confidence in UK Economic Outlook On The Up, says CISI

Confidence in UK Economic Outlook On The Up, says CISI

The financial services profession’s confidence in the UK’s economic prospects has improved over the last 12 months, according to the latest Chartered Institute for Securities & Investment (CISI) survey.

The CISI, the 45,000 strong professional body for those working in securities, investment, wealth management and financial planning undertook the survey from 4 November 2017 – 18 February 2018.

Of the 743 respondents, 35% were less optimistic about the UK’s economic prospects (compared to 48% end 2016). Of those who responded, 30% felt more optimistic, with 35% unchanged (as opposed to 32% optimistic and 20% unchanged end 2016).

The CISI confidence indicator (sum of positives less sum of negatives) is -5 compared to -16 at the end of 2016.

Respondents were asked to compare how they felt about the UK’s economic prospects now compared with six months ago. The CISI has conducted the poll on average every six-12 months since Spring 2012.

Simon Culhane, Chartered FCSI, CISI CEO said: “Although we are still sub-zero at -5 in terms of sentiment, the financial services profession is showing a steady and improved growth in confidence in outlook for the UK economy, compared with the end of 2016.

Read more on the CISI website

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