- 12 Sep
Bibby Q2 SME Confidence Tracker Shows Minor Drop In Confidence
Bibby Financial Services' Q2 2016 SME Confidence Tracker survey shows a 3% drop (from Q1) in SME confidence that sales will grow in the next three months, down to 45%. Considering that Q1 2016 showed an increase in confidence, compared with Q4 2015, it is probably quite a positive result in light of the run up to the Brexit vote that took place at the end of Q2. Perhaps there will be light at the end of the Brexit tunnel! It certainly seems that the harbingers of doom have calmed down and most economists are no longer predicting that the UK economy will even enter recession.