Finance professionals in the region are downbeat about the economic prospects facing their businesses in the coming year, according to the Institute of Chartered Accountants' Business Confidence Monitor.
They recorded a score of -5.6 in the latest survey, 11.8 points below the national average of +6.2.
Structural adjustments in the region appear to be having their effects on confidence.
The Institute stated: " Uncertainties such as the future of the Longbridge car plant are likely to have an impact on the region's confidence."
Adrian Jones, president of the Birmingham and West Midlands branch of the Institute, said: "We are concerned that businesses in the West Midlands are expressing a lack of confidence especially with regards to employment, which they forecast to rise by a mere 0.2 per cent over the coming 12 months when over 1.5 per cent was growth reported for the previous year."