QUARTERLY SURVEY REVEALS SALES INCREASE FOR FIFTH CONSECUTIVE QUARTER - Exeter Chamber of Commerce and Industry - supporting your business

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QUARTERLY SURVEY REVEALS SALES INCREASE FOR FIFTH CONSECUTIVE QUARTER

The Exeter Chamber of Commerce & Industry member survey (4^th quarter 2009) reveals sales have consistently increased for five consecutive quarters and the last time the figure reached this quarter's figure was March 2008. This represents an increase of over 60% of members recording a much needed boost to their business since this time last year. 

Derek Philips, Chairman of Exeter Chamber of Commerce & Industry said, ‘It is extremely encouraging to see such positive results which are echoed in the level of business confidence where only 11% reported low levels. We started to see signs of recovery in the last quarter and these results provide grounds for even more optimism.'  

Sales margins are up substantially with 33% of the 100 plus members from small, medium and large companies surveyed reporting an increase, which is 60% up on last quarter. The cash flow of 33% has seen an increase of 60% from last quarter.     

An element of slight concern is that 20% revealed a decrease in the numbers employed compared with only 15% last quarter and 17% in March 2009, however only 9% predict further staff cuts in the future.    

Exeter Chamber of Commerce & Industry represents the interests of around 500 small, medium and large businesses in Exeter, with the Chamber's quarterly business survey reporting a cross section of 20% of its members.  For more information about Exeter Chamber of Commerce & Industry membership and the quarterly survey, visit http://www.exeterchamber.co.uk/

To view the results of the survey please click here

Ends

Notes to Editors

Exeter Chamber of Commerce & Industry is the leading business organisation in the City representing, informing and supporting local businesses through national, regional and local political lobbying, a ‘signposting' referral service, networking opportunities and monthly business lunch presentations.

Exeter Chamber of Commerce & Industry has formally welcomed the Exeter Property Initiative Group and City Centre Retail Consortium into the Chamber representing the interests of over 400 members.  Both groups now form sub-committees of the Chamber helping to develop industry specific initiatives to help local businesses prosper and grow.

Annual membership begins at £75 enabling any employee or proprietor of the member organisation to use Chamber facilities and attend events. For more information visit  http://www.exeterchamber.co.uk/

For further information or interviews please contact Samantha Mudge or Lisa Vanstone at One Voice Media & PR on 01392 278801 or email media@onevoicemedia.co.uk 

Release date:  14.12.09

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