Despite the UK Economy entering a double-dip recession optimism amongst UK companies remains high according to two new surveys.
Business group CBI have said that there has been an increase in optimism from smaller manufacturers for the first time since mid 2011 while UK Business Confidence Monitor reported that confidence had improved over the past three months and also suggested a return to growth in quarter 2 of 2012.
The previous two quarters saw the UK economy shrink which means a return to recession. However, the CBI have said that a net 22% of small and medium-sized enterprises (SMEs) who are listed as manufacturers had a greater degree of optimism than in the three months to April.
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