The vaccine sent business optimism to its highest level in nearly six years.

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Business optimism is at its highest in nearly six years as the slot xo launch of the vaccination provides a clear path from blocking, a new survey finds.The hospitality sector has the highest expectations for growth in the world, with hotels and restaurants smiling when the opportunity to welcome their guests, according to Accenture / IHS Markit Business Trends Report.More than two-thirds of the 12,000 manufacturing and service companies surveyed expect an increase in business activity this year, with only 11pc expected to decline. 

Accenture said confidence was at its highest since June 2015.Businesses in the service industry say the rapid rollout of the vaccine is behind optimism.More than 24 million people have received at least one dose of the coronavirus vaccine. The property will be allowed to serve customers off-site from April 12 as part of the government's roadblock program, while indoor hospitality is expected to reopen from the day. May 17 Companies are also confident in hiring more staff this year, with 40pc companies looking to find more employees next year.Rachel Barton, 

Accenture Head of Strategy and Consultancy, said it was "encouraging" to see businesses confident in bounce.Even if we didn't get out of the forest But it is important for UK businesses to take advantage of this sentiment to create a sustained recovery, ”she said.Change is a constant factor at the moment. But positive thinking can be a self-fulfilling prediction, so hopefully companies will follow the investment and growth plans we see in this survey to get us through the economic downturn.In addition, production reported a significant increase in confidence in February.

About 62pc of businesses in this sector expect production to increase this year, up from 50pc in January.The forecasts were largely fueled by growing hopes of a continued recovery in global production conditions as well as increased demand from US and Asian customers.A separate survey by MakeUK and BDO points to a strong UK manufacturer's growth plans. Growth in this segment was upgraded to 3.9pc in 2021, up from previous estimates of 2.7pc.The survey found the industry faced a 10pc drop in output last year