The financial services sector saw a significant increase in confidence at the start of 1999 with 50 per cent seeing an increase in volumes of business.
The CBI/PricewaterhouseCoopers quarterly survey of the sector shows the industry shaking off fears of a major slowdown.
But not all firms are confident. Just over a fifth of those surveyed saw business falling off.
Securities traders, banks and life insurers were the most optimistic, expecting business volumes to rise over the next three months. General insurers and building societies headed up the lists of pessimists, expecting business to fall.