The RSM Tenon Business Barometer, a quarterly survey carried out by YouGov amongst senior management in small and medium sized enterprises, showed that 45% of SMEs thought that prospects for their business would improve post-downturn, whilst a slightly lower 44% thought it wouldn’t.
Although the same number of SMEs in the North and South (42%) agreed that they felt the outlook for their business was good, the North/South divide became more apparent amongst those that thought the outlook wasn’t so positive. Over half of the SMEs in the North (54%) said that they weren’t confident that things would improve for their business, compared to 41% in the South. SMEs in the Scotland were the most positive about their future, with 58% – the highest in the survey – saying that they were confident things would improve.
John Abbott, RSM Tenon’s Head of Clients and Markets, said: “I don’t think we should be surprised that SMEs are still unsure as to the outlook for their business.
“The threat of a double-dip recession and the continuing economic turmoil in the Eurozone will continue to make them concerned for the future, and I think it may be some time before we start to see any serious confidence coming back into the SME market.”
One of the SMEs not confident about the future is robotic
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