How we use Cookies

Chamber reports a surge in business confidence

LOCAL businesses are reporting improved turnover confidence on the domestic front, according to a new survey by Birmingham Chamber of Commerce.

LOCAL businesses are reporting improved turnover confidence on the domestic front, according to a new survey by Birmingham Chamber of Commerce.

The group’s first quarterly economic survey for 2013, demonstrates clear business progress as 43 per cent of firms in the service sector say that domestic sales have increased, up from 36 per cent at the end of 2012.

Meanwhile 42 per cent have seen advance orders increase, up from 33 per cent.

Steve Brittan, president of Birmingham Chamber said: “This is further good news for businesses battling access to finance, taxation and regulation.”

In the manufacturing sector, business expectations for an increase in turnover and profitability have also risen. In all 59 per cent of manufacturers reported improved turnover confidence and 61 per cent reported increased confidence in profitability, up from 55 per cent and 50 per cent respectively.

But the service sector has reported the greatest increase in business expectations with 70 per cent reporting increased turnover confidence up from 60 per cent and 68 per cent reporting profitability had increased, up from 58 per cent last quarter.

Skills however still remain key with 41 per cent of service businesses saying they faced difficulties when recruiting professional/managerial staff and 61 per cent of manufacturers say there are difficulties when recruiting skilled/technical staff.

 

Journalists

Cathrina Hulse
Multimedia Journalist
Annette Belcher
Multimedia Journalist
Full newsroom contact details
Tell us what's happening in your area.