Search

SMEs in the East of England are ‘healthier’ than the national average

PUBLISHED: 05:00 12 September 2018 | UPDATED: 07:54 12 September 2018

A pick-up in the construction industry in the second quarter of 2018 helped the East of England appear 'healthier', according to a study by CYBG. Picture: ANTONY KELLY

A pick-up in the construction industry in the second quarter of 2018 helped the East of England appear 'healthier', according to a study by CYBG. Picture: ANTONY KELLY

Archant Norfolk 2018

Firms in the East of England have seen a significant improvement in a health check for small and medium-sized businesses.

The latest figures from the Clydesdale and Yorkshire Banking Group (CYBG) SME Health Check gave the region an 11 point rise to 50 in the second quarter of 2018 – above the UK average, which hit the second lowest level in three years at 47.1.

The improvement was likely driven by a rebound in economic activity after adverse weather early in the year caused a slowdown, CYBG said. It added that the East of England would have been “particularly exposed” to the effects of the slowdown due to its large construction sector, which saw a “marked acceleration in output” as work delayed by the Beast from the East picked up in the second quarter.

The SME health check index is published in partnership with the Centre for Economics and Business Research (Cebr) and measures indicators such as business confidence, costs, employment and revenue.

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Insight

Like Henry VIII, modern-day politicians continually invent new ways of taxing their citizens.

Voting in South Norfolk Council’s Business Awards, celebrating the economic success of the district, is now open.

Women in Business

cover

Enjoy the
Women in Business
digital edition

Read

Business East

cover

Enjoy the
Business East
digital edition

Read

Celebrating Success

cover

Enjoy the
Celebrating Success
digital edition

Read

B2B Exhibition

cover

Enjoy the
B2B Exhibition
digital edition

Read

Green 100

cover

Enjoy the Green 100
digital edition

Read

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100