SMEs confident of growth according to MAS barometer

The latest MAS 'barometer' figures reveal that 43% of SMEs in the sector have seen orders increase over the past six months while 62% expect sales to grow between now and June. The number of firms expecting to take on staff is up 7% to 39% and those investing in new premises and machinery isup 3% to 44%. Less positively, almost one half (45%) of those questioned cited the availability of specific skills as a barrier to growth with production operatives, CAD designers and CNC programmers most in demand. More than one quarter (27%) admitted they do not have enough capacity to 'work on' their businesses as they are too busy firefighting or dealing with everyday management issues. MAS area director Lorraine Holmes said: "Our companies are sending out a powerful message and highlighting their determination to explore new opportunities in 2013 following a year of global consolidation in 2012."