Consumer Confidence Data (United Kingdom) and Legal Structure for Starting a New Business Venture

Global Business Environment

TABLE OF CONTENTS
Part A..........................................................................................................................................3
Article..........................................................................................................................................3
Part B..........................................................................................................................................6
Email writing...............................................................................................................................6
REFERENCES................................................................................................................................9

Part A
Article
Consumer Confidence Data (United Kingdom)
The consumer confidence data is the economic standard which determines the feeling of
consumers about overall state of the economy and their personal financial position. The
information on business and consumer confidence data basically identifies by the official
statistical data which point out the changes and modification of the economy cycle. According to
the consumer confidence data, the most of the companies impacted by the corona virus and
affected their growth and development. In the research I had identified that service industries
have affected mostly at the time of corona virus disease. The service industries include retail
sector, public sector and finance sector (Farber, Zwietering, and et.al., 2021). But with the decease
of spreading the covid19, the service industrial areas overcome its harmfulness and accounted
80% of the total UK GDP and also provided 82% of employment in the month of April to June
2021.
According to this, there was a rise up between the month of September and October and
increases 0.4% in the index services and comparing to previous three months it has gain 1.1% in
the service output. According to the purchasing managers index, the service industry of UK PMI
was 53.6 in December, 2021 which has gone down from November where it is 58.5. This
situation and values has its lowest performance since the month of February and reflects the
lower and decrease of consumer demands and now a greater uncertainty will be happened due to
the omicron virus a variant of covid19.