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FSB announces record confidence among small businesses
Latest survey results from the Federation of Small Businesses (FSB) reveal record confidence levels among UK small businesses, with the South East remaining the most confident region overall.
Three fifths of the small businesses surveyed (61%) are expecting to grow in the next 12 months. One in 10 (11%) expects to grow rapidly. These results make it the seventh consecutive quarter that small businesses have been positive about their outlook, underlining the pivotal role small businesses have played in the economic recovery.
Small firms also report good news on turnover, profits and job creation. One third of businesses surveyed expect their turnover to grow in the next quarter and almost a fifth expect profits to rise. The most confident sector remains financial services while most improvement was witnessed in health and social work, and in the hospitality industry.
Job creation is robust too, with small firms' hiring intentions at an all-time high.
Click here to read the full report.