Industrial Trade - Today's Climate
It has been hard times for many small industrial businesses over the last 4-5 years due to the economic downturn of the double dip recession in the UK, so is the struggle over? As the government predicts a triple dip recession it looked as though we were not out of the woods just yet, however released figures show that we have managed to avoid falling into yet another recession after recording a faster-than-expected growth in the first three months of 2013 and national statistics showed an increase of 0.6% compared to the first three months of 2012. It's an encouraging sign and I'm sure it's been music to small business owners ears throughout the UK.
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| SIAD Ltd Industrial Roofing & Construction |
So how is the industrial tradesman holding out in this fragile and uncertain climate? Well, it seems that small business owners in the industrial trade have seen a slight increase (those who have managed to fight their way through the recessions). I remember reading an article last year;
'One in three companies now make a loss in the roofing and cladding industry'
It was reported that as the economic conditions continued to take their toll, many company owners were burying their heads in the sand. As many as 391 companies made a loss last year within the roofing and cladding industry and I'm sure there are more that have been reported since reading this. For those who have seen it through and pulled budgets back to the bare minimum, 2013 looks to be a bit more promising. Companies are slowly starting to spend money, invest it back into the company to (fingers-crossed) see a return for their efforts.
I will be keeping a close eye on the impact this year will have on small business owners as we have been promised economic growth, I'm yet to feel 100% certain that this will be the case.
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