The key findings for the Q3 2014 report are:
- Cost inflation for UK SME’s accelerated to 0.8% in Q3 2014, up from 0.2% in the last quarter
- This pick up was largely due to the increases in employment costs and the costs of business and construction services
- The cost of physical inputs on the other hand fell by 1.2% year-on-year
- Annual cost inflation was highest amongst construction sector SMEs while manufacturing SMEs actually saw costs fall.
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SME Monitor Q3 2014 Infographic