The proportion of companies that have confidence in the economic outlook surpassed the pessimistic 28%, the highest level in five months.
Businesses are more confident about their future.
A net profit of 48pc is optimistic about their business prospects, which means that this index has now risen for the fourth consecutive month.
Meanwhile, the 23-month balance is expected to recruit more workers next year – albeit from a 28-percent fall in November, below the long-term average of 29 percent.
Hann-Ju Ho, a senior economist at Lloyds Bank, said: “Despite a slight increase in overall business confidence, companies are still concerned about the economic outlook.
“The results showed continued economic growth in the fourth quarter, unchanged from the previous quarters, but larger companies reported the weakest business prospects and concerns about Brexit’s biggest impact.
The performance of his better small- and medium-sized companies may reflect more of their domestic priorities, as larger companies are easier to operate across national borders and may therefore be more subject to changes across the UK border and the EU.
One of the factors that help exporters may reduce the impact on big companies, which is the strength of the global economy.
The latest data show that the U.S. economy has seen the fastest growth since early 2015, with a 3.2% annualized rate in the third quarter. However, that figure is below economists’ expectations of 3.3% growth.
Bureau of Economic Analysis said additional government spending and inventory construction will help accelerate the growth of gross domestic product, while a slight slowdown in consumption and exports will hinder the growth of GDP.