Current economic climate as a major obstacle to the SMEs, by sector UK 2014-2019

This statistic displays the share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector. In 2019, it was found that the construction sector had the highest proportion of SMEs with this expectation, at 28 percent.

Share of small and medium enterprises (SME) expecting the current economic climate to be a major obstacle to running the business in the next 12 months in the United Kingdom (UK) as of 2nd quarter 2014 to 2nd quarter 2019, by sector*

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Source

Release date

September 2019

Region

United Kingdom

Survey time period

2nd quarter 2014 to 2nd quarter 2019

Number of respondents

4,500 respondents

Special properties

SME**

Method of interview

Face-to-face interviews, telephone interviews

Supplementary notes

* Respondents were asked to rate (from 1 to 10) the extent to which they expected the current economic climate to be an obstacle to them running the business as they would wish in the next 12 months. The following scale was used:
1-4 = a minor obstacle
5-7 = a moderate obstacle
8-10 = a major obstacle
The share of those who answered with a rating of between 8 and 10 are detailed here.
The respondent was the person in charge of managing the business’s finances. Data was collected via interview.
**In order to qualify for interview, SMEs had to meet the following criteria in addition to the quotas by size, sector and region:
Not 50%+ owned by another company
Not run as a social enterprise or as a not for profit organisation
Turnover of less than £25m

Not all percentages sum to 100. This is due to rounding.

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Statistics on "Small and medium enterprises (SME) in the UK"

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