Top Exeter Business Survey Findings this quarter:
- Sales figures on the rise
- Investment is a key priority for business
The latest Exeter Business Survey carried out by the Exeter Chamber of Commerce and Industry has indicated that business is in the city is flourishing. 62% of businesses are reporting that they have seen their sales figures rise this last quarter. This is the highest record of increase in sales for 2 years.
Businesses in Exeter are also recording the best figures for investment in the last quarter since the commencement of the recession in 2008. 89% of businesses report that they have invested in the last quarter and are still planning to keep investing in the near future.
Attendees at the Bank of England panel meeting held on Thursday 17th March, at which the survey was presented, gave evidence that while businesses are performing well and investment is still a keen priority, there is an underlying issue with business confidence which could be due to the forthcoming Brexit vote.
Derek Phillips, Vice President of Exeter Chamber of Commerce says ‘The results of this quarter’s survey show a really positive outlook from Exeter businesses and augers well for the future prosperity of the city.’