Following the publication of the British Chambers of Commerce Quarterly Economic Survey results the Mid Yorkshire Chamber have published the survey figures for the region. In both cases the picture is disappointing, and displays clear signs that growth is weakening, and that businesses are under real pressure.
The Mid Yorkshire Chamber of Commerce have published their Quarterly Economic Survey Results.
Overall the figures both nationally and in the Mid Yorkshire region were disappointing. It is clear that the recovery will be bumpy and there are some real concerns of stagnation. While BCC figures show that businesses remain in positive territory, growth is weakening and businesses are still facing significant cashflow difficulties. With companies also reporting lower employment rates than last quarter, and reduced investment in plant machinery, it is evident that a lack of confidence in future prospects is limiting growth.
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