Companies are set for a troublesome begin to 2022 as they grapple with the unfold of Omicron and rising inflation.
Administrators’ optimism for the yr forward slipped in December, in accordance with accountancy agency BDO, and is anticipated to stagnate amid provide chain issues.
Double bother: Administrators’ optimism for the yr forward slipped in December, in accordance with accountancy agency BDO, and is anticipated to stagnate amid provide chain issues
Omicron issues and renewed restrictions additionally derailed progress in manufacturing, as BDO’s Output Index slid again from November’s four-month excessive within the largest drop since August.
Nonetheless, it remained above the 95-point studying which signifies progress, at 109.76.
Kaley Crossthwaite, a accomplice at BDO, mentioned: ‘Ongoing uncertainty round Omicron is offering an extra blow to UK companies.’
However in a glimmer of hope, separate figures from commerce physique Make UK and accountant PwC confirmed 73 per cent of producers had been anticipating circumstances of their sector to enhance all through 2022.