SMB confidence is high heading into 2014, FSB says

Thursday 19 December 2013

Virtualisation

Small and medium-sized businesses (SMBs) are showing increasing optimism for 2014, it has been reported.

The Federation of Small Businesses' (FSB) measure of confidence among SMBs has grown year-on-year, up 27.2 points from -5.6 in Q4 2012 to +21.6 in Q4 2013.

This optimism is replicated in every region of the UK and in each business sector, with SMBs planning to invest in and explore the global trade market.

Capital investment intentions continue to rise with almost a quarter (23.1 per cent) expecting to invest in the next year.

Businesses also want to take on more staff, and the number of SMBs refused their credit application is the joint lowest since the start of 2012.

John Allan, national chairman of the FSB, commented that SMB confidence has been in positive territory for a full year, giving economic growth solid foundations moving into 2014.

"Small firms are creating more jobs and investing in their business and there are encouraging results behind the headline figures, with promising trends evident across the main areas of expansion, investment and employment," he stated.

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Posted by Dan Smith