CBI data

Small Businesses Export Rates Hit Lowest Level Since Recession

Small Businesses Export Rates Hit Lowest Level Since Recession

UK small business export orders are at the lowest level since 2009, with domestic orders also down for the first time in two years – new research from the Confederation of British Industry (CBI) has found. The data revealed that almost half (46%) of small businesses say their export rates have fallen, with only 10% of firms experiencing an increase. Small business owners attributed the fall in exports to pricing constraints and 12% believe that export prices will continue to fall over the coming months. The survey, which featured small business manufacturers, also found that small business confidence is down with 29% of respondents admitting they are less optimistic about the situation of their company. The news comes with just one week until the UKTI-backed Export Week, which is a week-lo... »