According to the Black Country Chamber of Commerce (BCCC), businesses in the region have reported a rise in domestic sales for the second consecutive quarter.
In its Q2 economic survey, the BCCC said that 49% of those firms responding had seen an increase in their domestic sales — 7% more than the previous quarter — while 42% of survey respondents had seen a rise in domestic orders, which is a strong indicator for continued growth (
www.blackcountrychamber.co.uk).
Furthermore, it said growth in both domestic sales and orders had triggered a rise in confidence, with 70% of those taking part in the survey anticipating that their turnover will increase in the next 12 months.
BCCC chief executive Corin Crane said: “Uncertainty has continued to dominate the political landscape in recent months, but businesses across the Black Country have remained steadfast in their ability to thrive under challenging conditions.
The fact that almost half of the businesses surveyed in 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 under way, it is important to focus on harnessing a stable environment that is conducive to the growth and development of the local business community.”
He said that the chamber would be working closely over the coming months with the British Chambers of Commerce and the national chamber network to ensure a clarity of message from the Government in relation to Brexit and the impact that it will have on businesses.