Issue 121
Sector Confidence Falls as Cost-of-Living Crisis “Bites” www.CLHNews.co.uk
CLHNews
Confidence among restaurant, pub and bar leaders and operators plunged over the second quarter of 2022 after costs soared for both businesses and consumers, according to a new survey. CGA and Fourth’s second-quarter Business Confidence Survey reveals that only 23% of leaders are now confident about the next 12 months for the general market—barely a third of the total of 65% at the last survey in March.
CLHNews
CLHNews
The proportion of leaders feeling confident about their own business, while falling by 15 percentage points since the last survey, remains much higher at 53%. This may reflect a greater optimism among the multi-site leaders making up the survey cohort, in comparison to the less financially stable independents which make up much of the wider market.
(CONTINUED ON PAGE 3...)