UK exporters report modest Q1 growth amid softening economy
Responding to the news that the latest Quarterly International Trade Outlook (QITO) shows that the number of UK firms reporting an increase in export orders and confidence rose at the start of 2016, following a drop in growth at the end of 2015. Black Country Chamber President, Adrian Wright, said: “The report’s Trade Confidence Index, measuring the volume of trade documentation issued by accredited Chambers of Commerce, rose by 1.4% in Q1 2016, compared with the previous quarter, to stand at an index of 116.04 in Q1 2016. However, in annual terms there was a decline of 4.4% on Q1 2015.