CBI’s Trends Survey of 424 small UK firms said that while demand for products, services and manufactured goods continued to be down over the last three months, the businesses expected the next quarter to improve. Their level of confidence is at the highest level since April 2007.
40% of the all the businesses surveyed said new orders declined in the past three months and 24% said there was an increase. The output of small manufacturing firms was down for 35% of the firms and up for 22% of them.
The US economy has returned to growth of .9% in the quarter from July to September, after 4 quarters of negative growth. The UK economy recorded a loss of .4% for the same period.
The stimulus measures taken in the US were more substantial than the action taken in the UK. The US Commerce Department said that, in the quarter, demand for manufactured goods increased by an annualised rate of 22%, the best result since 2001, largely as a result of the Government’s cash for clunkers car scheme.
The US housing market for housing products was up 23% annualised, the largest increase since 1986, a result of the government’s first home buyer’s US$8,000 tax credit. US exports also increased, by 21% on an annualised basis, the best result since 1996.
With the US, Japan, Germany and France now out of recession; the UK should go back into positive growth quickly.
Small UK businesses are resilient and will recover to help reduce the number of unemployed. We help them by sending them qualified prospects from our Local Search Facility in our UK Business Directory with no cost to them. There are 1.6 million businesses listed in our directory and most of them are small firms.
Monte Huebsch, CEO
40% of the all the businesses surveyed said new orders declined in the past three months and 24% said there was an increase. The output of small manufacturing firms was down for 35% of the firms and up for 22% of them.
The US economy has returned to growth of .9% in the quarter from July to September, after 4 quarters of negative growth. The UK economy recorded a loss of .4% for the same period.
The stimulus measures taken in the US were more substantial than the action taken in the UK. The US Commerce Department said that, in the quarter, demand for manufactured goods increased by an annualised rate of 22%, the best result since 2001, largely as a result of the Government’s cash for clunkers car scheme.
The US housing market for housing products was up 23% annualised, the largest increase since 1986, a result of the government’s first home buyer’s US$8,000 tax credit. US exports also increased, by 21% on an annualised basis, the best result since 1996.
With the US, Japan, Germany and France now out of recession; the UK should go back into positive growth quickly.
Small UK businesses are resilient and will recover to help reduce the number of unemployed. We help them by sending them qualified prospects from our Local Search Facility in our UK Business Directory with no cost to them. There are 1.6 million businesses listed in our directory and most of them are small firms.
Monte Huebsch, CEO
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