Sun Shines On Britain's Exporters - Survey

Written By Unknown on Rabu, 24 Juli 2013 | 00.26

UK export activity is at its highest since 2007, according to the latest confidence index from the British Chambers of Commerce (BCC).

The BCC/DHL Trade Confidence Index of more than 1,700 businesses showed that 50% of service sector and 42% of manufacturing firms reporting an increase in exports during the second quarter of 2013.

The survey index rose to a level of 118.12 in the second quarter, up from  114.8 in the previous quarter and above the long-term average of 100.

In addition, 51% of export firms believe that their profitability will increase this year, with 60% expecting a boost in profitability.

Nearly a third of firms said they expected to increase staff numbers this year in response to the growth.

BCC director general John Longworth said: "For the first time on record, these results are positive across the board.

"Export sales and orders have gone up, confidence is high and expectations around profitability have increased."

In recent months there have been encouraging signs of a return to growth for British industry.

Similarly, the UK housing market has shown how it continues to grow within certain regions.

Mr Longworth added: "Even more businesses have taken on new staff this quarter, with many expecting to hire again next quarter, which is really encouraging."


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