Confidence rising at region’s firms

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Confidence amongst companies in Yorkshire and Humber is continuing to rise, according to the latest Business Confidence Monitor produced by the Institute of Chartered Accountants and Grant Thornton.

The Monitor shows key performance indicators have strengthened in recent quarters and look set to continue improving.

Grant Thornton Sheffield office partner, Paul Houghton, said: “Whilst concerns remain around the sustainability of the recovery, the trend in business confidence by sector, which is broad based, is encouraging. Construction and banking, and finance and insurance are two sectors that particularly stand out this quarter.

“With the region’s strong heritage in manufacturing, we are increasingly seeing Yorkshire businesses considering exploring new markets in Europe and beyond.

“We expect this focus on export to gain momentum over the coming year and, with the right support, businesses in the region could play a key role in helping to narrow Britain’s trade deficit.”