Exports and domestic orders rise for Suffolk firms

John Dugmore
John Dugmore
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Exports have risen while there has also been increases in UK orders recorded in Suffolk Chamber of Commerce’s economic survey for the third quarter of the year.

The service sector, having taken on more staff in the last quarter, said it is less likely to take on more before the end of the year.

There were also concerns over inflation and exhange rates - but overall the news was welcomed.

John Dugmore, chamber chief executive said: “Due to their hard work and entrepreneurial spirit, Suffolk businesses are now showing clear signs of growth.

“There remain concerns in some areas such as inflation and cash flow, but the overall picture this month is very encouraging.”

Dr Peter Funnell, Suffolk chamber president, said: “Our improved domestic market performance combined with our continuing export strengths, supported by the Chamber’s ‘Exporting is Good for Suffolk’ campaign, gives us real cause for optimism that the economic recovery in Suffolk is gathering momentum.

“Taking account of our strengths and improvements across these and almost all of the other key indicators in the Survey, including employment and business confidence, there is a real consistency to the local picture that is to be welcomed.”

The domestic market performance for Suffolk firms represents a welcome rebound in quarter three after a decline in Quarter two.

“To see Suffolk manufacturers’ home deliveries increasing significantly indicates a strong in-quarter improvement,” Dr Funnell said.

“The service sector had excellent results too, with strong rises in orders and deliveries orders both locally and nationally.”

The survey covers the period from July to September.

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