Confidence still strong in the Black Country as firms see Q2 growth

Businesses in the Black Country have reported a rise in domestic sales for a second consecutive quarter, according to the area’s chamber of commerce.

In its Q2 economic survey, the Black Country Chamber of Commerce said 49% of those firms responding had seen an increase in domestic sales – 7% up on the previous quarter.

Furthermore, 42% of survey respondents indicated a rise in domestic orders, a strong indicator for continued growth.

In addition, it said growth in both domestic sales and orders had triggered a rise in confidence, with 70% of those taking part in the survey anticipating their turnover will increase over the course of the next 12 months.

Corin Crane, chief executive of the Black Country Chamber of Commerce, said: “Uncertainty has continued to dominate the political landscape in recent months, yet despite this businesses across the Black Country have remained steadfast in their ability to thrive under challenging conditions.

“The fact that almost half of businesses surveyed within the region have seen a rise in sales and orders is testament to their tenacity and great news for the economic growth of the local area.

“With the General Election having taken place and Brexit negotiations now underway, it is now important to focus on harnessing a stable environment that is conducive to the growth and development of the local business community.”

Therefore, he said that over the coming months the chamber would be working closely with the British Chambers of Commerce and throughout the national chamber network to ensure a clarity of message from the Government in relation to Brexit and the impact that will have on businesses moving forwards.