Export confidence growing, says BCC/DHL survey

ExportShipQuay300Confidence is growing among UK manufacturers that they can increase export sales with seven in ten saying their foreign turnover will improve, according to a survey published today by the British Chambers of Commerce (BCC) and DHL.

Twenty-eight per cent of the 2400 exporters surveyed were from the manufacturing sector, and 69% of them believe their turnover is likely to improve, compared with 66% last quarter. Across the complete sample of services and manufacturing industries, 72% expect their turnover to improve this quarter – the highest number on record.

More than one third also said that they expected to increase staff over the next quarter.

The BCC said that although businesses were confident, more needed to be done to help firms break into fast-growing markets abroad if the government’s target of increasing exports to £1trillion by 2020 were to be achieved.

BCC director general John Longworth said there were  small signs of export reorientation away from Europe and North America towards stronger growth regions like the so-called MINT countries such as Mexico, Nigeria and Indonesia, but there was still a lot more to do. “As a nation we currently only spend 0.02% of GDP on trade support, which is nowhere near enough if we are going to rebalance our economy towards net exports,” he added.

Copyright Ken Hurst 2014

Advertisements

About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
This entry was posted in exports, Government/statistics, jobs and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s