Feeds

Small businesses cheer on economy

Smile darn ya smile

The Essential Guide to IT Transformation

British small businesses are getting bullish about the future - nearly three-quarters of them are increasingly confident about the economy.

A survey of small businesses from Barclays Commercial found 57 per cent of respondents said they were "hopeful" about the economic outlook and a further 17 per cent were "excited" about prospects. Only 11 per cent said they were worried.

As for future growth of their businesses, 15 per cent said this would happen within six months and 26 per cent said it would happen within six to 12 months. An impressive 29 per cent said their firm was continuing to grow right now.

Only five per cent believed it would take longer than 18 months to move back into sustained growth.

Ian Stuart, managing director of Barclays Commercial Bank, said confidence was an important part of recovery even if we are still some way from a full economic recovery.

Barclays surveyed about 3,000 small businesses across the UK.

Meanwhile, across the pond US executives at larger tech firms believe the technology industry will come out of recession before the rest of the economy.

In Silicon Valley 77 per cent of respondents expect the tech sector to recover first. Eight out of ten believe the industry will return to growth in 2010.

Tudor Aw, head of tech at KPMG, said: "This optimistic outlook in the US bodes well for UK tech players, as the US is very much a bellwether for the global technology sector. Enterprise focused technology sector players have largely held up well in the downturn."

The survey, from KPMG, spoke to 130 "C-level" executives. 33 came from firms with revenues above $1bn, 22 between $250bn and $1bn and 75 work for companies turning over less than $250m. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?