Quarterly survey's good start

The year has started on an optimistic note according to a major county survey.

Friday, 20th April 2018, 12:24 pm
Updated Friday, 20th April 2018, 12:31 pm
Alan Welsh, policy manager at the North and Western Lancashire Chamber

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Business news

The results of the latest Quarterly Economic Survey from the Chamber of Commerce indicate a positive start to the year for many Lancashire firms with most key measures in the survey improving on the previous quarter.

Compiled by the county’s three Chambers of Commerce in association with MHA Moore and Smalley Chartered Accountants and Business Advisors, it shows that the service sector had a much improved quarter in terms of domestic markets.

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However, the local economy was boosted by a strong export performance from Lancashire’s manufacturing sector, which saw export sales and order balances reached record highs for this survey.

There was also positive news on employment with all of the employment balances strengthening and just over half of the firms in the survey attempting to recruit staff.

Alan Welsh, policy manager at the North and Western Lancashire Chamber, said: “This is a promising set of figures given the weakness in the economy.”