Manchester businesses positive about growth

HALF of Greater Manchester businesses are optimistic about the year ahead and expect sales to increase.

That’s according to the Greater Manchester Business Survey which polled 1,200 firms in November and December.

It found that just 7% expect turnover to decline and a third said it will stay the same.

The research, carried out by the New Economy think tank with the Business Growth Hub, BMG Research and several councils, found that turnover growth has been strongest in wholesal eand retail, professional services, hospitality and manufacturing.

Dr Alexander Roy, acting deputy director for New Economy, said: “It is encouraging to see that economic sentiment is improving across Greater Manchester, which is reflected by the boost to business performance levels and to perceptions of the conurbation as a place to trade.    

“However, there remain some significant challenges. Not least around Greater Manchester’s links with international markets, by which there is still room for improvement. Though the signs suggest we are moving in the right direction with interest growing in trading with the BRICs markets in particular.      

“In addition, half of the firms interviewed also said they expect an increase in turnover this year. It is therefore likely that the effects of this will have an impact on international trade efforts over the long-term.”