EXPORT orders and sales showed an unexpected upturn in the fourth quarter economic survey by St Helens Chamber of Commerce.
Despite the economic crisis in the eurozone, the Continent provided a 19% and 20% improvement in sales and orders, respectively, for manufacturers, compared with the same quarter last year, while the service sector reported an increase of 16% and 24% in both sales and orders.
Overall manufacturing figures were disappointing and weaker than expected, but this is not unexpected given the problems facing the UK economy.
Instability in Europe and across the world is slowing the recovery and, on a local level, the regulatory environment, concerns among producers over raw material prices, and inflation are all limiting growth.
However, Chamber director of business services, Tracy Mawson, said: “Contrary to recent trends, there has been a very positive improvement in export markets for both sectors, and overall investment in plant and machinery and training remains on the positive side.
“The challenges facing the UK economy have grown in recent months. Uncertainty surrounding Europe will delay a significant upturn in growth until late in 2012. However, we expect inflation to fall sharply, which is positive news for both businesses and consumers.”
She added: “We have successful businesses in St Helens that are thriving and creating jobs. When the upturn comes, our businesses have the potential to recover and grow, but this is not going to happen overnight.”





