Spring's barometer for small and mid-sized businesses has been published
- News
The balance figures, which describe companies’ business expectations and investment plans, continued to decline in the spring 2023 SME Barometer. However, half of SMEs estimated that the economic situation would remain the same.
Suomen Yrittäjät, Finnvera and the Ministry of Economic Affairs and Employment produce a barometer for small and mid-sized businesses twice a year. The barometer describes the operations and economic operating environment of SMEs. This time reponses were gathered from around 4650 SMEs.
SMEs expect to cut their investments significantly in the near future. In all main sectors, companies planning to reduce their investments outnumber those planning to increase them. Uncertain future hampers access to funding, and the operating environment has rapidly become more difficult to predict. According to the SME Barometer, financiers have tightened their lending policies.
Compared to the autumn 2022 SME barometer, a smaller number of SMEs expect their turnover to increase over the next year, and almost as many expect it to shrink. At present, 30 percent of companies expect an increase in turnover.