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Will use of facilities management rise as business confidence falls?

May 13th 16:51 Cost Management 

British businesses lost confidence in the country's economy last month, new research has shown.

According to the latest Corporate Markets Business Barometer from Lloyds TSB, 49 per cent of businesses expect to see a rise in activity in the next quarter, while seven per cent predict a fall.

The resulting balance of +42 represents a decrease on the +49 result, which was reported in last months survey.

Anticipating a reduction in business activity could inspire a number of firms to use effective facilities management in a bid to ensure their costs are being controlled.

Despite the fall in confidence, Trevor Williams, chief economist of Lloyds TSB Corporate Markets, said the long-term outlook for the UK's recovery remains in good shape.

"Although business confidence appears to have come off the boil this month, we need to be careful about interpreting the results," he said.

"Expectations for improvements in business activity may have slipped, but they are still comfortably in line with the long term average - and that's a good indication that long term growth prospects remain positive."
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