SME Health Check Index – Uncertainty Causes Fall in Confidence

The latest SME Health Check Index from CYBG, owners if Clydesdale and Yorkshire Bank, has suggested the uncertainty and falling confidence has brought the Index score to its lowest point since it began in 2014. The report, created in conjunction with the Centre for Economics and Business Research (Cebr) found the decline has been largely driven by the confidence indicator, one of eight indicators in total, falling by 23 points, leaving it at a total of 34 out of 100. Despite the uptick in economic activity that the UK has seen since the first quarter of 2018, continued uncertainty over Brexit appears to have a continued impact on quarter three.