SME Confidence Tracker

Quarter 1, 2017

 

WHAT IS THE SME CONFIDENCE TRACKER?

The SME Confidence Tracker surveys over 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 took place in January and February 2017 with businesses that had an average annual turnover of £1.8 million.

pipes

Report

Download the SME Confidence Tracker
 

coffee

Infographic

Find the Tracker report infographic here

Key findings

  • Almost half of SMEs (48%) expect to see sales growth between April and July
  • On average, it takes 37 days for SMEs to receive payment from customers
  • SMEs have written-off an average of £16,795 in bad debt over the past year
  • Rising costs, increasing competition, domestic demand and foreign exchange fluctuations are key challenges for SMEs
  • Average planned investment has increased from £49,237 in Q4 2016 to £56,040 in Q1 2017

More links

news-online

Read our blog

Find more insight from our key business leaders 

welding

About us

Discover more about Bibby Financial Services and what we do

news

Our latest news

Read the latest updates about Bibby Financial Services