Smaller manufacturers are feeling optimistic about their future for the first time since April last year, according to CBI’s latest small and medium-sized enterprise (SME) trends survey.
Optimism rose by around four per cent, despite the fact that orders continued to fall in the three months to July both domestically and internationally. In addition, export prospects for the next twelve months rose more slowly than in the previous quarter, as manufacturers remained concerned about political and economic conditions abroad.
However, the positive outlook over what the next quarter holds remains high among SMEs, with output expected to stabilise and new orders predicted to contract at a slower rate. On top of this, demand both at home and abroad is said to be more favourable over the coming three months.
Anna Leach, CBI head of economic analysis, said. “Despite another disappointing quarter for small and medium-sized manufacturers, with output continuing to fall, optimism about the general business situation has risen for the first time since spring last year.”
Posted by the Secret Businessman