Businesses throughout the Black Country have reported a rise in domestic sales for a second consecutive quarter according to the results of a recent survey conducted by the Black Country Chamber of Commerce. Of the businesses that took part in the Q2 2017 Quarterly Economic Survey (QES), 49% reported an increase in domestic sales, amounting to a rise of 7% on the previous quarter. Furthermore, 42% of survey respondents indicated a rise in domestic orders, thereby highlighting continued prospects for future growth.
In addition, this growth in both domestic sales and orders has seen a rise in confidence amongst the region’s business community, with 70% of those having taken part in the survey anticipating that their turnover will increase over the course of the next 12 months.
Corin Crane, Chief Executive of the Black Country Chamber of Commerce, commented: "Uncertainty has continued to dominate the political landscape in recent months, yet despite this businesses across the Black Country have remained steadfast in their ability to thrive under challenging conditions. The fact that almost half of businesses surveyed within the region have seen a rise in sales and orders is testament to their tenacity and great news for the economic growth of the local area.
“With the General Election having taken place and Brexit negotiations now underway, it is now important to focus on harnessing a stable environment that is conducive to the growth and development of the local business community. Therefore, over the coming months we will be working closely with our colleagues at the British Chambers of Commerce and throughout the national Chamber network to ensure that there is clarity coming from Government in relation to Brexit and the impact that will have on businesses moving forwards.”
The Quarterly Economic Survey (QES) is a survey that is conducted each quarter, the results of which contribute towards and are compiled by the British Chambers of Commerce to form one of the largest independent economic surveys of businesses in the UK.