The Lloyds TSB Corporate Markets Business Barometer noted optimism among firms in the UK has dropped from the 27-month high experienced in March.
Less than half of companies think business activity will rise over the next year, with seven per cent stating trading will be slow.
Organisations in the Midlands appear to be more optimistic than those in the south and north about an increase in business activity, the poll found.
Commenting on the findings, Trevor Williams, chief economist at Lloyds TSB Corporate Markets, stated: "Expectations for improvements in business activity may have slipped, but they are still comfortably in line with the long-term average - and that's a good indication that long-term growth prospects remain positive."
A recent survey by the Federation of Small Businesses found many firms are keeping a close eye on the performance of sterling during the beginning of the newly formed coalition government.
Posted by Clive Arneil