3 In A Row: Small Business Confidence Up For Third Successive Quarter
UK small businesses confidence has increased for a third consecutive quarter, according to a report by Capital Economics. The SME Growth Tracker of 2017 has revealed that, on average, small and medium sized enterprises are predicting a 2.3% increase in revenue for the coming 12 months. When broken down by region, firms in the North East are the most optimistic in the country, with a SME Confidence Index score of +11 – far acceding the national average. In contrast, business owners in Wales are more pessimistic about the future, with their SME Confidence Index score of -2 suggesting they believe they’ll suffer a dip in performance over the next 12 months. Despite the general optimism, it appears that businesses are worried about the potential of rising inflation and increased supply costs, ... »