Confidence increases in City Region

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Confidence is increasing among Sheffield City Region manufacturers, according to Sheffield Chamber of Commerce.

The latest Chambers of Commerce Quarterly Economic Survey shows the region’s manufacturers saw a significant increase in UK sales and orders in the second quarter of the year, with export sales remaining static.

Profitability and turnover improved and there was a small rise in spending on training, but a slight reduction in investment in machinery.

Sheffield Chamber executive director Richard Wright said: “It is pleasing to see confidence grow in the manufacturing sector.

“Sales and orders for the UK market are now at levels which are higher than the national average, which is good news for the Sheffield City Region and demonstrate this area’s national expertise.

“Supported with healthy levels of profitability and turnover, now is the time to invest in products, new markets, machinery and staff to strengthen growth. We need to be ready to exploit the upturn.”

Mr Wright urged businesses to contribute to future surveys, which he described as “an important barometer for the region”.