Results of a survey published in July, show that Northamptonshire companies fared extremely well in the second quarter (Q2) of 2013, with great numbers recruiting new staff, investing in training and even more exporting their products and services abroad – a growing trend that has seen a massive increase in the last year.
Northamptonshire Chamber’s Quarterly Economic Survey (QES) surveyed more than 100 of the county’s businesses and asked them to report their experiences of the last quarter (April – June 2013). These results were then separated into two industry sectors – services and manufacturing.
The survey found that companies were continuing to make the most of international markets with yet another sharp increase in the number of firms exporting – the fifth in as many consecutive quarters. A massive 73% of services firms reported an increase in export sales and a further 70% reported an increase in advance international orders. This follows similar figures last quarter (75% export sales and 75% advance export orders). In addition to this, 80% of manufacturers reported that their export sales had increased or remained the same in the second quarter (the same as last quarter).
Sales on home soil also increased for manufacturers with a huge 82% stating that UK sales had increased or remained the same in Q2. This is up from the not so positive 56% reported in Q1. However, UK sales for services firms did not follow suit, with 73% of services companies reporting that they had remained the same or increased (down from 84% last quarter) and 27% reported a decrease.
For full details of the survey, including even brighter news on employment, go to the Northamptonshire Chamber’s website: www.northants-chamber.co.uk/news
The above is an extract from a press release issued by Northamptonshire Chamber.