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High hopes for Suffolk exporters

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Exporters in Suffolk are increasingly optimistic according to a Chamber of Commerce fourth  quarter economic report. It shows some 44 per cent of exporters in the county expect to increase employment in 2013.  Exporters saw a continued improvement on the third quarter with an eleven point increase in orders, outperforming the national picture.

“The latest report from firms across Suffolk sees a real return to optimism,” said Peter Funnell, president of Suffolk Chamber of Commerce. “As the county  chamber we have launched our 2013 campaign Exporting is Good for Suffolk in the last few weeks and these figures do indeed show us that exporting is critical for our local economy and that we have some good solid foundations to build on in the year ahead.”

The report showed a  marked improvement across all sectors with a 28 point increase in manufacturing orders. There was no fall in export sales at all and all firms in general have shown a 16 per cent increase in their intention to increase training of their staff.

“It remains a tough economic climate to operate in,” Dr Funnell said. “What we are seeing is that the hard work that has been undertaken by businesses throughout 2012 is bearing fruit at the end of the year.”

“Manufacturers saw a dip in performance in the domestic markets both in terms of deliveries, and orders,” Dr Funnell continued. “Manufacturers able to export fared better for both deliveries and orders but did see a slight dip but not as severely as experienced nationally.”

“This is a disappointing set of results after the progress seen earlier in 2012,” Dr Peter Funnell said. “The challenge now for the government is to grasp the nettle of supporting the remarkable efforts being made by firms locally and nationally. We are pleased to hear about the government’s plans for a British business bank but we need also to see large scale investment in infrastructure and where appropriate housing to encourage economic growth.”

Last Updated ( Thursday, 21 February 2013 14:03 )