Freelance Confidence Index hub

IPSE’s Confidence Index is a quarterly report that tracks the business performance and economic outlook of freelancers across the UK. It is the only established index of its kind, using rigorously tested methodology and a representative sample of the freelance sector. 
The index was created both to inform policy on freelancers and to ensure that their vital contribution is understood and recognised. The aim is for the Confidence Index to be the authoritative indicator used by policymakers at the heart of industry and government.

Confidence timeline

 

2020 Q1 key findings

 

The 12-month freelancer business confidence index fell substantially from -23.2 to -57.3, showing that freelancers expect the deterioration of their business performance to continue over the next year.

Freelancers’ earnings have also fallen by 8.4 per cent over the first quarter of 2020.

 

Freelancers expect a further decrease of 20% in their day rates over the next year.

Freelancers’ spare capacity amounts to 3.3 weeks in Q1 2020, which is the second highest level of spare capacity since surveys began.

Latest report

Freelance Confidence Index Q1 2020

The first quarter (Q1) of 2019 has proven to be very tough for freelancers as they have experienced a 17 per cent decline in income comprised of both a fall in their day rates and the volume of business undertaken. 

Day rates have declined by 15 per cent from £474 to £405 while spare capacity has risen by four percentage points from 21 per cent to 25 percent.

Freelance Confidence Index Q1 2020

Where were we just 3 months ago?

Freelance Confidence Index Q4 2019

The first quarter (Q1) of 2019 has proven to be very tough for freelancers as they have experienced a 17 per cent decline in income comprised of both a fall in their day rates and the volume of business undertaken. 

Day rates have declined by 15 per cent from £474 to £405 while spare capacity has risen by four percentage points from 21 per cent to 25 percent.

Freelance Confidence Index Q4 2019

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