In Good Health?
Next quarter, 51% of respondents expect to expand while 12% expect to decline.
OFFICIAL STATISTICS declare that the longest and deepest post-war UK recession is now over, but figures from the Office of National Statistics showed that — at 0.1 per cent growth — this halt in economic decline was by the narrowest of margins.
The balance of growth among UK Business Barometer (UKBB) respondents over the last quarter changed from negative four per cent in the UKBB survey, commencing July 2009, to positive 10 per cent in the survey which opened for responses in October — the first positive balance since July 2008.
36 per cent of respondents reported their business as having expended in the period July to October
For expected next quarter growth, the balance is even more strongly positive than in July, with 51 per cent expecting to expand while 12 per cent expect to decline. The balance is a positive 39 per cent, compared to +23 per cent in July.
When asked if the recession had found them seeking professional advice more often, 67 per cent of participants said not, 19 per cent do not use professional business advice anyway and only 14 per cent have relied on professional business advice more heavily during this period.
More information, including results and analyses, can be found at: www.ukbb.ac
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