Confidence among UK small firms has risen to the highest level in more than a year, according to the latest Federation of Small Businesses (FSB) Small Business Index (SBI).
The SBI stands at 20.0 in Q1 2017, the highest figure since Q4 2015, and up considerably from the -2.9 recorded after the EU referendum.
According to the federation, the strong recovery has been spurred by increased international trade with a net balance of 15.6% of small firms reporting a rise in export activity during the past three months, with a net balance of 30.5% expecting international sales to increase over the next quarter. Both figures are at their highest level since the SBI began.
Mike Cherry, FSB National Chairman, said: “It’s hugely encouraging to see our small businesses trading more overseas, driving an exports-led recovery.”
We see that growing confidence every day among the companies with which we work and we believe that digital technology is playing its part to support continuing growth, and Bowe Digital offers a range of IT solutions that can help businesses take advantage.
Call us on 0191 214 1750 or email firstname.lastname@example.org to find out how.
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