News

Back to News
Sales and margins dip, but don’t dent future confidence
Posted on: April 2nd 2019


The latest Exeter Chamber of Commerce Business survey, compiled for and presented at the quarterly meeting of the Bank of England Exeter Panel, shows members reporting falling sales and margins in the last quarter.

Despite this, the businesses surveyed indicating high confidence for business conditions (31%), grew by 2 percentage points. Businesses reporting an intention to make increased investment in the future grew to 66%, from 45%, and the number of employers expecting to increase salaries by more than 2.5% has grown from 36% from 21%.

Derek Phillips, vice president of Exeter Chamber of Commerce and chair of the panel meeting, said; “Despite the turbulent and uncertain political environment businesses seem to be optimistic for the year ahead with improved confidence and investment intentions.

The significant proposed wage increases reflect the increase in minimum wage, taking effect from 1 April.”

The full survey results can be viewed on the Exeter Chamber website – www.exeterchamber.co.uk/exeter-business-survey

 

This entry was posted in by . Bookmark this permalink.
News
Grow Voices: The Positive Lockdown Project 

Around the world the coronavirus pandemic has been affecting our day to day lives and has redefined what a ‘normal’ day looks like. For many...

Read more
BBC to Open Studio at Exeter College

The BBC will move to new studios at Exeter College, offering budding journalists opportunities to work with BBC programme makers.

Students...

Read more
Update on Clifton Hill development

In February, we wrote to you on behalf of Exeter City Living regarding development proposals for a mixed housing development of...

Read more