Smaller companies in upbeat mood

According to research from the British Chambers of Commerce, SMEs have begun 2013 in a relatively confident mood. Confidence in the UK economy notably improved between the 3rd and 4th quarters of last year among the 7600 companies that took part in the survey.

Manufacturers and service sector businesses were the most confident they had been since the last quarter of 2007 regarding profits in the upcoming 12 months.

The underlying message from the businesses surveyed is that they believe business conditions have improved over the last quarter of 2012 despite remaining weak by historical standards.

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