The latest Quarterly Economic Survey results are available now in this report here.
In summary, the following points can be made from the feedback from businesses across West & North Yorkshire.
Services
– Expectations that turnover will increase in months to come remains high; companies in York reported a small
improvement following last quarter’s decline; Bradford reported confidence at its highest since the recession – is the
‘Westfield effect’ having an impact? Leeds recorded a sixth consecutive quarter of a decade-long peak.
– Companies in Bradford and York are less confident about increasing profits over the next 12 months than they are about turnover; In Leeds, confidence remains at record levels.
Manufacturing
Investment in capital rose to its highest in three years (net balance now 29%); training also up slightly
Business confidence – with most measures moving in the right direction, manufacturers reported a lift in confidence with turnover and profits expected to rise later this year.
