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Optimism among SMEs rises as growth picks up

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Bibby’s latest Business Factors Index report shows positive signs that SMEs are seeing increasing levels of activity and confidence, thanks to the improved macro-economic conditions.

The findings, based on a survey of 450 SME owners and the turnover activity of Bibby’s 4,000 UK clients, include:

  • Over a third of businesses (36 per cent) say business is better than six months ago
  • 42 per cent of businesses report an increase in new customers
  • One in four SMEs think the economy is showing signs of recovery

Increases in orders are also on the books for 33 per cent of firms, up fem 24 per cent last year.

“Quarter three was generally a period of good performance across the board with increasing optimism among SMEs,” says Bibby Financial Services UK CEO David Postings.

“In key sectors such as manufacturing and construction, we have seen encouraging results over the past 12 months and growth in construction activity could be a result of stimulation from the Help to Buy scheme.”

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