East bucks trend as confidence grows

BUSINESSES in the east of England are feeling more buoyant, despite increasing gloom nationally, according to a survey. The latest Regional Trends Survey by the CBI and Experian found an increase in business confidence in the region against a decline nationally, as well as increased regional export optimism for the fifth quarter in a row.

BUSINESSES in the east of England are feeling more buoyant, despite increasing gloom nationally, according to a survey.

The latest Regional Trends Survey by the CBI and Experian found an increase in business confidence in the region against a decline nationally, as well as increased regional export optimism for the fifth quarter in a row.

But signs of an upturn in total orders from the previous quarter were unfulfilled, remaining unchanged, and a rise in export orders was offset by a fall in domestic orders.

Output was up strongly, consistent with the UK-wide picture, and this was expected to continue over the next quarter.


You may also want to watch:


Employment remained on a downward trend, but the fall in the past three months was less severe that the national average. The trend was expected to continue at a much slower rate over the coming months.

Suzy Carter, the CBI's assistant regional director, said things looked positive for the next quarter, but job losses continued.

Most Read

“Manufacturing activity has picked up at a rate not witnessed for some time, and there is a positive outlook for the next quarter,” she said.

“The rise in factory-gate prices will also have helped to ease pressure on profits margins.

“But even though things are looking up, jobs are still being shed as the sector continues to seek efficiencies in the face of stiff global competition.”

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus