July 26, 2013
The Index shows that export orders and sales have increased, with confidence levels in both future turnover and future profitability also remaining high. More businesses have taken on new staff in the second quarter of 2013, with many expecting to hire further in Q3.
The index number, which is calculated from the volume of export documents issued to businesses by Chambers of Commerce, now stands at 118.12. This represents an increase of 2.85% on Q1 2013 and is 2.94% higher compared with the same quarter last year.
The key findings from the report are:
More than half of exporters (51%) say they believe that their profitability will increase this year, and 60% believe they will see an increase in turnover. In addition, nearly a third of firms (31%) said that they expected to increase staff this year, up from 28% in Q1 2013.
John Longworth, BCC director general, said: "For the first time on record, these results are positive across the board. But we mustn't take our foot off the gas. We still need more companies to take the plunge on international trade and for those who export already, to try and diversify into new markets. For this to happen, businesses need real, on the ground support to help them take their goods and services overseas. We must seize this momentum and strive towards an economy that is more than just 'ok', but which is truly great and outperforms our competitors."
Meanwhile, the UK's 2012/13 Inward Investment Annual Report, published by UK Trade and Investment (UKTI) shows the UK has also continued to strengthen its position as the leading European destination for foreign direct investment.