The fall in the index was
driven by a large decline in the small
business optimism index, precipitated by the impending fiscal cliff.
Driven by rising
optimism globally many UK food and beverage companies are looking to increase investment across areas such as facilities, equipment, IT and product development over the next 12 months, according to a new report from leading
business and financial advisory firm Grant Thornton.
Trefor Griffith, head of food and beverage at Grant Thornton UK LLP, says: «There's been a new wave of
optimism across UK food and drink
businesses, partly
driven by export opportunities and partly due to improved consumer sentiment, which is increasing investment in the sector.
«All economic indicators show significantly improved
optimism about the U.S. economy including consumer and
business sentiment, which continue to
drive a very healthy U.S. auto industry,» said Mustafa Mohatarem, GM's chief economist.
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