BUSINESS CONFIDENCE DROPS AND BREXIT FEARS INCREASE – ISME

10 January 2019 No Comments by The Northern Standard

The results of the ISME Quarterly Business Trends Survey for Q3’18 have been released today with 9 out of 12 confidence indicators showing declines, compared to 7 out of 12 in the previous quarter. While employment trends are as expected, Business Confidence continues to decline, dropping by a further 20% in this quarter.

Confidence for SMEs has not been this low since 2011, as Brexit remains the biggest concern for SMEs followed by Economic Uncertainty. The Trends report also captures data on employee pay, broadband services and business and motor insurance costs in the SME sector. The report highlights the continued rise in insurance premiums and the…

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