Extra exports boost confidence

Export sales for both the service sector and manufacturing showed a healthy increase during the first three months of the year, according to new research.

Overseas sales rose by 10 per cent in both sectors, according to the latest quarterly economic survey carried out by Leeds, York & North Yorkshire Chamber of Commerce in conjunction with Leeds University Business School. This follows a dip during the last quarter of 2012.

The research revealed that forward orders are up seven per cent in the service sector and 18 per cent in manufacturing. It showed that many companies are looking for growth beyond the beleaguered Eurozone in locations such as Turkey, North Africa and the Middle East.

“Improvements in export results this quarter are extremely welcome however they should be viewed in the context that the region still performs poorly in overseas markets compared to other English regions,” said Mark Goldstone, head of the chamber’s business and representation policy. “This highlights the Chamber’s mantra that opportunity exists for those companies which are bold and have the courage to access international markets, it is why we are a strong supporter of the Leeds City Region Local Enterprise Partnership’s We are International’ campaign.”

The next 'We are International Export Network event' will focus on exporting services and takes place in Leeds on 25 June. Telephone 0845 034 7200 for details.