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- Businesses reporting increased sales at record 70% at highest level since records began in 2000
- Businesses reporting improved margins at highest level since Sept 2016 at 30%
- 40% of businesses reporting improved cashflow: the highest level in 18 months
Exeter Chamber’s latest quarterly survey has revealed that 70% of businesses responding have recorded increased sales since the last quarter. This record level of sales growth, followed a quarter which saw only 45% of businesses report improving sales. Of the businesses surveyed, improved margins and cashflow were also evident.
Derek Phillips, vice president of Exeter Chamber of Commerce said: “This quarter’s survey findings indicate a healthy business position in Exeter, in the face of uncertain business conditions and following a quieter period in the previous quarter. Investment in the city itself continues to be strong with key development works taking place in hospitality, accommodation and at the Science Park, as well as considerable job growth with Ikea and the Lidl Distribution Centre, in particular, hiring around 1,000 staff.”
The survey was presented to the Bank of England SW agent, Donna Kehoe on Thursday 14 December. Representatives of Exeter’s main industries reported their experiences of business over the last quarter, with an almost universal finding that while business itself was strong, leaders were concerned about finding the right staff with the right skills to continue to grow their business.
For more information visit www.exeterchamber.co.uk