Although this survey attracted a smaller sample size than previously, reflecting the time of year, increased business confidence is consistent with national confidence results.
Uncertainty over how the spending promises will ultimately be financed - through higher taxes or cuts in other areas - is weighing on business confidence, he added.
This usually implies that profit expectations and business confidence rise, encouraging businesses to build more factories and other buildings and to install more machinery.
Fluctuations in this indicator are often considered to show something about future business activity, business confidence and the pattern of economic growth.