Manufacturers lead local recovery

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BUSINESSES across the Sheffield City Region are getting ready for growth – with manufacturing leading the way.

Export sales and orders for the industry have risen significantly since the start of the year, according to the latest British Chambers of Commerce’s Quarterly Economic Survey and there are improved prospects for investment in machinery, creating jobs and training.

Progress in the services sector remains steady, with turnover and profitability improving. However, the services sector has not enjoyed the same growth and both exports sales and orders have reduced.

According to the British Chambers of Commerce, companies in the Sheffield City Region are ahead of the rest of the UK in terms of exports, UK sales and orders, employment expectations and turnover.

Sheffield Chamber of Commerce executive director Richard Wright, said: “It’s great to see this region leading the nation. These figures continue something we have been seeing in the region for some months, despite the national headlines, and we hope they lead to long-term sustainable growth for the region and the country. I would like to see a bit more attention being placed on imports however.”

Mr Wright would like to see the economy boosted and the UK trade deficit reduced further by British consumers buying more UK goods and food.