FSB: Small Business Confidence Index

FSB: Small Business Confidence Index

The Federation of Small Businesses (FSB) in Scotland has just published the details of their Small Business Index (SBI) for the first quarter of 2019.

  

As you can see, it shows that for the second quarter in a row, the SBI fell to a new low in Q1, dropping 1.8 points to -34.5.  This is once again markedly lower than the UK average.

In addition to uncertainty caused by the current Brexit impasse, this quarter has also seen increased overheads and weaker revenues.  As might be expected, more small businesses in Scotland are therefore operating at below capacity, with a net balance of 62% reporting that they weren’t running at full speed over the last three months, 13.6 points up on the 48.5% recorded in Q4 2018.

More positively, however, about two in five Scottish businesses (42%) intend to grow, a figure only slightly below the UK average of 50 per cent. 

You can read the Scottish report here and the UK study here.

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