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Posted on 03 May, 2011SMEs show growth in last six months
Small and medium sized businesses (SMEs) in the UK have shown average growth over the last six months to March 2011 of 6%.
A survey by technology company HP of 1,000 SMEs shows an increase in confidence and an expectation of continued growth over the next year of up to 13%.
Confidence in the economy is also strong, with 66% of the businesses surveyed now optimistic about the year ahead.
The financial services sector has grown the most at 13% followed by manufacturing at 10% and retail at 4%.
John Walker, National Chairman of the Federation of Small Businesses has doubts however about the immediate future. He says, ‘While the overall picture suggests that businesses are bouncing back from a harsh winter, and that the economy should return to growth in the first quarter, questions still remain about the strength of recovery.’
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SMEs show growth in last six months
Small and medium sized businesses (SMEs) in the UK have shown average growth over the last six months to March 2011 of 6%...