The finance sector has had four consecutive quarters of improving profitability, but CFOs remain uneasy about the economic prospects for their companies over the next six months.
A survey from the CBI and PricewaterhouseCoopers shows that business volumes have risen for 38% of firms, while 29% said they had fallen. The balance of +9% is the most positive since September 2007, but far weaker than expected.
The industry is also more positive than at any time since December 1993, with a balance of 63% expecting a rise in business volumes over the next quarter. But the impact of regulation and legislation in future business remain concerns, with many firms expecting to spend more on compliance in the next 12 months.
Despite a positive start to the year, the outlook for the next six mont...