Flint Bishop

Chamber survey paints a different picture

A Birmingham Chamber of Commerce and Industry (BCI) survey does not reflect the UK's gloomy GDP third quarter figures announced today.

Paul Bassi, president of BCI, said: "The economy shrank by a worse-than-expected 0.2% between July and September but these figures do not reflect the current situation.

"At the end of this month BCI will be issuing the results of its quarterly economic survey which is expected to show that companies are turning more and more to exports for survival.

"The regional economy faces many challenges, not the least of which is the manufacturing sector on which the West Midlands still heavily relies.  But being the innovative city we are, companies are looking for alternative means of growth and are turning to export.

"We should not underestimate the challenges facing Birmingham companies but the end of the recession may be within touching distance."

 

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Article published by Midlands Business News on 14 September, 2011

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Articles submitted by Birmingham Chamber of Commerce:



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