Sunny

Sunny

max temp: 1°C

min temp: -0°C

ESTD 1874 Search

Suffolk: Chamber survey shows recovery starting to falter

12:14 16 October 2012

Peter Funnell, president of Suffolk Chamber of Commerce

Peter Funnell, president of Suffolk Chamber of Commerce

Archant

SUFFOLK’S economic recovery has shown signs of faltering after steady progress during the first half this year, according to a new survey.

Suffolk Chamber of Commerce says its third quarterly survey of the year showed little improvement on the stronger performance in both manufacturing and services which its members reported on the previous two surveys.

“This is a disappointing set of results after the progress seen earlier in 2012,” said Suffolk Chamber’s president, Peter Funnell.

“Whilst fluctuations from one quarter to the next are inevitable, the big picture seems to be that the economy remains stagnant with almost barely visible growth overall.

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

The survey was conducted in late August and early September, with the results being analysed by a research team at Suffolk County Council.

“Unfortunately these figures are very much in line with the national picture where growth is estimated at only 0.5%,” added Dr Funnell.

“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.”

Search hundreds of local jobs at Jobs24

0 comments

The OrbisEnergy building in Lowestoft.
 Picture: TMS MEDIA

Businesses in north Suffolk are being invited to have their say on the development of a Strategic Planning and Infrastructure Framework (SPIF) for Suffolk.

Greene King's latest survey of leisure spending shows households spent more on eating and drinking out last Christmas.

Britons pushed the boat out over the festive period, spending more on eating and drinking out of the home compared with a year earlier, according to the latest Greene King Leisure Spend Tracker report.

Ipswich estate agent Tom Orford who is running the London Marathon in April  to raise funds for The Lymphoma Association cancer charity

Ipswich-based estate agent Tom Orford is taking on his greatest sporting challenge - to raise money for The Lymphoma Association.

Employees at Richard Western Ltd near Framlingham have been studying for a Business Improvements NVQ. They all met the required standard.

A Suffolk factory has reported improved output after all its staff were enrolled on an 18-month team-building course.

Royal Mail has revealed a sharp drop in letter mailing in the busy festive season, leaving the number of addressed letters down 6% in the nine months to December 25.
Photo: Andrew Milligan/PA Wire

Royal Mail has revealed a sharp fall in letter mailing during the busy festive season, blaming business worries over Brexit hitting marketing post.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24