SME business confidence 'at record low'

The results of a major European survey of SMEs issued today has confirmed that a new record low in business confidence was reached in the last number of weeks.

The EU-Wide survey of 50,000 SMEs, conducted by UEAPME, the European craft and SME employers’ organisation, (which includes ISME as its Irish representative) confirms that almost half of the companies polled expect negative developments in their business in the first half of 2009, compared to only 20% two years ago.