The CBI's survey of SMEs has shown that just over a quarter of them were optimistic about growth as compared to 3 months ago quarter of them while 13% were less optimistic.
Export especially to Europe is a drag on growth so looking further afield may well be wise.
SMALLER manufacturers are seeing growth despite weak export demand, survey data reveals today. Of the 437 small and medium sized enterprise (SME) manufacturers surveyed by the Confederation of British Industry (CBI), 26 per cent are more optimistic than three months ago. ...... Furthermore, output volumes are getting stronger, with 32 per cent of firms seeing a rise in output compared to the 19 per cent who saw a decline. .......“Smaller manufacturers are continuing along a steady growth path, with domestic orders and output both rising at a healthy pace. The sharp fall in the oil price should also help, pushing down the cost of production and raw materials for firms,” said Rain Newton-Smith, CBI director of economics. “But stagnant export orders are dragging on the sector’s performance, mainly because of the sluggish recovery and growing uncertainty in the Eurozone.”