Business confidence levels have fallen sharply in Wales but still remain in positive terrain, according to the latest business barometer from Lloyds.

Welsh firms reported lower confidence in their own business prospects month-on-month, down 38 points at 27%. When taken alongside their optimism in the economy, down 41 points to 19%, this gives a headline confidence reading of 23% (compared to 63% in August).

Anything above zero in the barometer represents a positive net balance and vice versa. The fall in confidence in Wales this month was greater than the UK as whole where overall confidence fell 12 point to 42%.

Over the next six months Welsh businesses identified their top target areas for growth as investing in their team, for example through training (42%), introducing new technolog

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