DHL and Chambers Survey Indicates Growing Confidence
This week’s release of the DHL/British Chambers of Commerce Trade Confidence Index report shows encouraging results for UK businesses.
Across all measures improvements have been seen. The British export index is at an all-time high, increasing by 2.85% over Q1 2013 and exporter’s confidence in future turnover also remains high, with a notable increase in confidence from manufacturing firms.
Further breakdown of the export sales balance reveals that 48% of exporters reported increased export sales in Q2 2013; 10% of respondents stated that they decreased, and 42% stated that sales remained constant. In the services sector the balance of exporters reporting that sales had increased rose by 12 points to +46% in Q2 2013. In the manufacturing sector the export sales balance continued to fluctuate widely and now stands at +28%. This is double the balance figure recorded in Q1 2013, but it is two points lower than the Q4 2012 balance