New credit expected to accelerate recovery
Activity among Britain’s smaller companies is at its highest for years, according to a separate survey released today.
An index of small and medium-sized businesses, conducted by specialist funding provider Bibby Financial Services since 2007, hit its highest ever level in the last three months of 2013. The index – which tracks the monthly turnover of 4,000 firms – reached 111.4, up from 105.1 for the quarter before and 100.3 for the same period a year before. The base point of 100 was set when the index started in 2007.
Particularly strong were the manufacturing SMEs, whose index hit a new high of 137, from 127.9 in the third-quarter of the year.
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