Bank research shows North West export confidence

North West exporters are said to be feeling confident
North West exporters are said to be feeling confident
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Exporters in the North West are buoyant about their 2018 trade prospects with a net balance of 20 per cent expecting overseas sales to increase over the next six months, according to the Business in Britain report from Lloyds Bank.

This is on the back of a strong end to 2017 in which a net balance of 18 per cent said their international trade had increased in the second half of the year.

Around 45 per cent of the region’s businesses currently export their goods or services – above the national average of 40 per cent and down slightly from 50 per cent six months ago.

While some are facing new challenges, with 50 per cent of North West exporters deciding to focus more on UK sales in light of Brexit, most are optimistic about what lies ahead.

Richard Evans, North West area director for Lloyds Bank Global Transaction Banking, said: “The majority of North West exporters still see international trade playing an important role in their plans, despite the continued climate of domestic and international uncertainty.

"Judging from North West firms’ export performances over the previous six months, this confidence is not misplaced.”