Nearly half (46 per cent) of Britain’s exporters have seen overseas sales increase in the last three months, according to new research released today.
The report from the British Chambers of Commerce and DHL found that confidence amongst exporters in terms of future turnover is at 69 per cent, the highest level since 2007.
Export orders in Q3 expanded for 47 per cent of services firms and 38 per cent of manufacturers. More than half (55 per cent) expect profitability to increase this year.
The findings set a different tone from yesterday’s National Audit Office report which suggested that exports have remained flat for the last two years.
John Longworth, director general of the British Chambers of Commerce (BCC), said politicians must make supporting exports a top priority, ensuring firms have access to the right practical help.
“Our bullish exporters give us even more reason to believe that the economy is turning a corner, and that full-year growth is likely to be stronger than expected,” he said.
“But although things are looking up, there is more to do before we are well and truly on our way to having a great economy. Exporting businesses are doing all they can to drive growth and find new opportunities overseas, but the government can’t expect them to just get on with it without doing more to support them.”
Real Business will be tweeting live coverage of today’s British Chambers of Commerce International Trade Conference.
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