The net results of the Clearwater International Growth Europe report are clear. While a confluence of factors has had some effect on business sentiment, the overwhelming majority are still confident and optimistic about the future.
Businesses appear more focused on how to grow and expand successfully, rather than what is happening in the wider economy.
Businesses face issues over how to grow better, faster and more smoothly. Rather than being troubled by debts or a loss of confidence, they are managing the issues of recruiting more staff, and competition within their own sectors.
While these are clearly important issues, they are positive growth challenges rather than negative decline ones.
While factors such as Brexit and the US-China trade spat register on the results as an issue, the overall confidence in financial performance and economic outlook remains high.
Optimism remains a constant across European businesses overall.
While a confluence of factors have had some effect on business sentiment, the overwhelming majority are still confident and optimistic about the future.
At a glance
Research was conducted by 3Gem for Clearwater International among 2,100 senior decision makers in companies with £/€ 10m + turnover across eight European markets (21 August - 9 September 2019). Those were:
- UK (500 respondents)
- ROI (200 respondents)
- France (250 respondents)
- Germany (250 respondents) • Italy (250 respondents)
- Spain (250 respondents)
- Portugal (200 respondents) • Denmark (200 respondents)
There are 500 responses from the UK, which makes up a quarter of the sample, and as such the ‘average’ will be somewhat influenced by the UK view.
1. https:/foreignpolicy.com/2019/10/02/rumblings-of-recession-get-louder- purchasing-managers-index-pmi-manufacturing-tariffs/