Small firms hiring more staff


Small businesses are increasing recruitment at the fastest rate since 1998, according to the CBI SME Trends Survey.
The survey of more than 500 SME business leaders reveals 34% increased their headcount in the three months leading up to July. Only 9% said it has decreased. This is driven by optimism about the wider economy.

Almost one-third (31%) of SME employers feel more confident about their business' economic position, while only 11% are less optimistic than three months previously.

The manufacturing SME sector was particularly strong in the second quarter of 2014. This was largely driven by a rise in domestic orders.