Confidence among the UK’s smallest companies has rebounded to 2015 levels, according to the latest SME Confidence Tracker from independent financial services provider, Bibby Financial Services (BFS).

The number of SMEs expecting sales to increase between April and June jumped by 13 percent, with half expecting to see an increase, when compared with expectations for the first three months of the year. The overall confidence index rose by six basis points from 58 in Q4 2017 to 64 in Q1 2018. It is the highest reading since Q2 2015.

The Global Business Monitor is an international survey of over 1,600 SMEs across the U.S., Republic of Ireland, United Kingdom, Germany, Poland, Canada, Czech Republic, France, Netherlands, Singapore and Hong Kong.