Electronics Weekly/Schroder Ventures survey reveals a fall in business confidence

Electronics Weekly/Schroder Ventures survey reveals a fall in business confidence
Richard Wilson
The heads of UK electronics firms are less confident about business prospects than at any time in the last year.
This is the key finding of the latest six monthly survey of business confidence in the electronics industry, commissioned by Electronics Weekly and private equity group Schroder Ventures.
The survey of 100 senior executives in electronics design, manufacturing and services firms has confirmed an erosion of business confidence in the last 12 months. However, there is still evidence of an underlying strength in the electronics sector with 56 per cent of managers questioned predicting an increase in order levels over the coming three months.
Just 43 per cent of those questioned claimed to be more confident about business performance than they were three months ago. A similar survey in May 1997 showed that over 75 per cent of managers were more confident about business prospects.
Despite almost half of managers still claiming to be “very confident” about future business prospects, more firms are experiencing a fall in sales, cuts in capital investment and a reduction in staff recruitment.


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