The English Business Survey (EBS) surveys 3000 different
workplaces every month to gauge the business conditions within England. The EBS is a review of past,
current and future conditions. The majority of the results have been given in
‘balance’ terms. Where 'Balances’ are presented, they are the difference
between the ’higher’ responses and the ‘lower’ responses, provided by those
questioned. Balances provide a summary of the scores for businesses that
report, or expect a variable to change.
Overall in July 2013, output performance was positive,
recording an estimated balance score of +26% for England. This shows little change compared to the previous month (+29%),
but is higher than the same period last year (+13%), suggesting that the
general business environment is in a significantly better position than last
year.
Employment
Similarly, the employment balance in July was positive
for England with a balance score estimate of +11%. This is similar to the
highest score in the series recorded in June 2013 (+12%) and higher than the
balance in July 2012 (+4%). All regions recorded positive results for output
and employment. For output, the South East recorded the strongest balance
(+31%) whereas the North East was the weakest (+18%).
Expectations for employment in July indicate that 22% of
businesses are expecting higher employment and 12% are anticipating a decrease
in October compared with July. This produces a balance of +11%; 6 percentage points
higher than the same period last year. Businesses were particularly optimistic
in the London and East Midlands, where the balance was +18%.
Small Businesses
Outperform
When examining the survey results by the size of the
business, 11 small businesses (10-49 employees) performed the strongest with a
balance score of +32%. That is 47% of small businesses stated output had
increased in July compared with April 2013, a figure significantly higher than
the estimated average for England (43%). Micro businesses (1-9 employees)
reported the weakest performance with a balance score of +13%, while medium
(50-249 employees) and large (250+ employees) businesses both reported a
balance score of +27%.
Big Businesses Reinvest
Capital
In England, the proportion of businesses making capital
investments was an estimated 31%. This is similar to the results in July 2012
(+33%). Large businesses were the most likely to have invested capital with 41%
stating they made new investments in the three months to July. In contrast,
only 16% of micro businesses stated they had invested. Micro businesses
continue to be the least likely to make capital investments (15%) in the next
three months. Large businesses are the most likely to invest, with 41% stating
that they intend to invest in the next three months.
Overview
Overview
Clearly the majority of the statistics show a
much-improved outlook when compared with last year. It is important to note
however that conditions are likely to remain tough for micro and small
businesses. Naturally this is going to mean reduce investment in this sector
As a student, exploring the realm of English Business Surveys offers valuable insights into the corporate world. These assignment Writers surveys serve as essential tools for gathering data and analyzing trends, helping businesses make informed decisions and understand market dynamics. Engaging with such surveys enables students like me to understand the significance of data-driven strategies in shaping successful businesses and industries. Embracing the world of business surveys can open doors to a deeper understanding of economic principles and foster a passion for entrepreneurship.
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