This survey was conducted in the first week of September 2020 with 203 SME respondents.
- The Q3’20 Business Trends Quarterly survey showed 9 out of 14 confidence indicators yielding declining results, a direct replica of the Q2’2020 results.
- 25% of SMEs consider Insurance one of their immediate biggest concerns.
67% of respondents reported an increase to their premiums, up from 65% in
Q2’20. Economic Uncertainty now 76%, down from 83%
Brexit is 50% up from 43% in Q2’20 and
up even further from 29% in Q1’20. Brexit remains a significant concern with 57% of respondents stating that it would have a negative impact on their bottom line. Just 3% of respondents said Brexit will have a positive impact on their business.
Reduced Orders which jumped to 47% in
Q2, it is now at 43% in Q3’20
- 3% of those surveyed are very
satisfied with the government’s performance, 42% are satisfied, 39% are not
satisfied or dissatisfied and 16% are very dissatisfied