Business Confidence Survey Q2 2020
30 September 2020
FDF’s newly-released Q2 2020 Business Confidence report shows that net business confidence among food and drink manufacturers fell to a record low in Q2, reaching -65%, which reflect the impact of COVID-19 on the UK economy. GVA and exports declined in Q2, while inflation and wages increased.
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Businesses indicated lack of demand from the hospitality sector and uncertainty over the UK-EU trade deal as key concerns for 2020.