The British Chambers of Commerce (BCC), in partnership with DHL, today (Thursday) publishes its latest Quarterly International Trade Outlook, which shows that confidence among exporters that their turnover will improve jumped in Q4 2016, ahead of further moves towards Brexit.
Although the number of businesses reporting that their export sales and orders would improve remained largely constant in the last quarter of 2016, businesses in both manufacturing and services are increasingly confident that they will continue to improve turnover, and that profitability will increase or remain steady in the coming 12 months.
Anne White, Head of International Trade & Compliance, Thames Valley Chamber of Commerce Group commented: “The continued success of our International Trade services is evidenced by some statistics for 2016: £2.2bn of exports processed through the department, in 173 markets, 83 different industry sectors and 141 new clients. 2017 has made a flying start with the value of exports processed totalling over £85m.
“We have also recently launched our Global Membership offer which is designed to build awareness of the benefits of international trade and provide practical services for exporters and importers. The Global Membership provides cost effective, exclusive benefits and support for aspiring and established international businesses. Whether you are a member considering your first step into the global market place, or a foreign owned business looking to establish your first UK presence, the Global membership is there for you.”
The BCC/DHL Trade Confidence Index, which measures the volume of trade documentation issued by accredited Chambers of Commerce, fell by 1.42% on the quarter – but remains nearly 5% up on the last quarter of 2015.
The results serve as a reminder that businesses are continuing to trade in spite of the uncertainty around Brexit. But to maintain this positivity, the government must focus on the fundamentals of the economy – helping exporters recruit to close a growing skills gap, and provide support for those seeking to navigate currency fluctuations.
To read the full report: http://www.thamesvalleychamber.co.uk/wp-content/uploads/2017/02/BCC-QITO-Q4-2016.pdf