Northamptonshire businesses are reporting a sharp increase in export sales.
The latest Quarterly Economic Survey (QES) by Northamptonshire Chamber shows that after a slow down in exports in Quarter 3 the rate of growth is speeding up again.
All the respondents from the services sector reported level or increased export sales over the last three months (up 10 per cent) and level or increased advance orders (up seven per cent from the previous QES).
Whilst still down slightly compared to the previous quarter, 82 per cent of manufacturers said export sales remained the same or increased over the last three months. A total of 91 per cent of manufacturing respondents also reported advance export orders had increased or stayed the same.
The QES, which saw 106 businesses who employ 9,066 people across the county respond, also showed that local companies were recruiting. A total of 81 per cent of manufacturing respondents said workforce had increased or remained the same during the quarter and 34 per cent expected their workforce to increase over the coming three months.
In the service sector, 91 per cent of respondents’ workforce had increased or stayed the same, with 98 per cent expecting their workforce to increase or stay the same over the next three months.
Northamptonshire Chamber’s chief executive Paul Griffiths said: “This quarter’s QES results show that Northamptonshire businesses are confident and hopeful.”