Maltese businesses confidence has soared 15 Index points to 113 since September, inverting the decline recorded between March and September 2011, according to the global Regus Business Confidence Index.
A further mark of optimism is that companies reporting revenue growth increased, reaching 57% compared to 40% six months ago. Companies reporting profit growth (50%) also increased 17%.
Regus said that mindful of the need to contain costs in the quest for sustainable growth, Maltese businesses identified more sales through third parties, a shorter supply chain and increasing use of pay-as-you-go business services as the most effective cost cutting measures for the coming months.
"Looking back, Maltese firms identify making permanent staff redundant (58%) as the main reason for corporate distress during the downturn followed by inflexible margins paid to resellers, distributors or introducers (54%) and the cost of property leases (50%)."
Respondents identified more sales through third parties (54%), a shorter supply chain (46%) and increasing use of pay-as-you-go business services (46%) as the areas where companies could best make savings without damaging growth ...
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