What is the SME Confidence Tracker?

The SME Confidence Tracker surveys 1,000 of the UK’s small and medium sized businesses on a quarterly basis. The Tracker charts the confidence of owners and senior decision-makers of businesses in manufacturing, construction, wholesale, transport and services sectors. Field work for Q1 took place throughout March 2018 and respondent businesses had average annual turnover of £1.8m.

Download the Tracker report


Key Findings


  • SME confidence rose by six basis points from 58 in Q4 2017 to 64 in Q1 2018
  • Half (50%) of SMEs expect sales to increase in Q2 2018, up 13 percentage points on Q1 2018
  •  Over two-thirds (72%) of SMEs expect to invest in Q2 2018
  • Over a third (36%) of SMEs wish to remain in the Single Market and Customs Union
  • Over half (53%) of SMEs have experienced issues when hiring and securing talent


View the infographic

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