Finance professionals’ confidence in the prospects of their
own organisations fell for the third consecutive quarter in
the three months to June, and their responses suggest the
recovery is still stuck in reverse. Of the 2,186
ACCA members surveyed between 16 May and 6 June,
only 26% reported confidence gains, down from 28%
three months ago, and 57% believe that economic
conditions are either deteriorating or stagnating, up from
51%. Despite these disappointing trends, confidence
figures are not yet suggesting a renewed downturn, and
government approval has remained low but stable.
