West firms are showing some significant signs of recovery as the economic upturn gains traction, according to the upbeat results of a new survey.
Domestic sales for the region’s manufacturing and services sectors have climbed strongly over the past three months while other measures including employment and business confidence, are equally positive, some showing significant improvements on previous quarters.
The encouraging signs emerge from the regional results of the latest British Chambers of Commerce Quarterly Economic Survey, full details of which are released later today.
The survey is the first economic indicator of the quarter, and is closely watched by the Bank of England and the Treasury.
The only downside of the West results is a decrease in exports, according to Business West, the body that runs the Swindon Initiative and organises the survey in the region.
Last week Business West called on national politicians to “get moving” on delivering pro-growth policies that will benefit the economy.