Business confidence continues to be strong in the face of difficult economic circumstances. However, the main risks of elevated costs, decreased sales, and cashflow issues remain.
Cost risks have remained steady in the latest survey and is a major problem for well over a third of firms.
Just under three-quarters of firms have reserves to last over 6 months, a slight decrease from the previous month.
Cashflow problems are continuing to affect nearly a quarter of businesses as a serious risk, and the survey this month shows an increase in firms reporting late payments.
The main business support needs are business planning, marketing, and workforce development.
The proportion of firms in the survey recruiting from last month has increased, however, three-fifths of firms report workforce skill gaps, in particular within sales, digital and team leadership skill / team working.
For more information on this survey, please contact