Small to medium businesses in the UK are increasing their headcounts as imports and exports increase, reports hrmagazine.co.uk.
According to new figures from the CBI’s latest quarterly SME Trends Survey, volumes of domestic and export orders across smaller firms in the UK rose at the fastest rate since April 1995.
This is giving more and more employers a headache, albeit a positive one, as they turn to hiring new staff to keep up with demand through processes of recruitment. London is a popular city for import and export as well as many coastal cities.
Of the 414 respondents to the CBI’s survey, 39 per cent reported a rise in the volume of domestic orders in the three months to April and a 23 per cent fall, giving a balance of plus 16 per cent. For exports, 37 per cent said volumes increase, and 14 per cent said they declined, giving a balance of 23 per cent.
Lucy Armstrong, chair of the CBI’s SME Council, told MMEnterprises she welcomed the strong figures: “Smaller manufacturers are enjoying strong demand for goods at home and abroad, underpinning robust growth in production.
“Headcount has increased for the third consecutive quarter as firms try to keep up with demand, and output is expected to rise again in the coming months,” she added.