Business confidence still high according to NW Business Survey
The second edition of a report tracking the confidence levels of North West businesses is to be launched on Wednesday 20 September at Wirral and Chester Business Fair.
The new report reveals that overall business confidence in the region is at a level of 95.6% and over 70% of respondents surveyed expect the North West economy to grow over the next 6 months. The business confidence rating has increased slightly compared to a figure of 94.1% found in the inaugural report (published in March 2017).
The North West Business Monitor (NWBM), compiled twice yearly by Manchester-based independent market research consultancy LOOKOUT! in partnership with Liverpool BA , presents a snapshot of the view of business leaders and managers on a number of key business issues.
Regulation, Access to Skilled Staff, and Local Government Policy were considered to be the three most significant factors which could have an effect on business growth. And the perceived importance of Brexit has doubled compared to the first report.
Overall, the view was that it was ‘business as usual’ when it comes to Brexit, with nearly three quarters, or 73.5% voicing this opinion. However, this has declined slightly from 77.7% in the March report, whilst there has been an increase in those viewing it positively or negatively (with supplier costs cited as one of the main reasons for concern).
The opinion of local politicians has improved slightly in the second report but overall the picture is generally negative, with almost a third saying that politicians are not doing enough to support local businesses, compared to 26.1% saying that they were.
The North West Business Monitor 2017 (Q1/Q2) Report launch (including Business Networking hosted by Andy Guile of New Directions) will be taking place at 12.40pm on Wednesday 20th September during the Wirral and Chester Business Fair at New Brighton Floral Pavilion.
To take part in the next edition of the North West Business Monitor, visit www.northwestbusinessmonitor.co.uk