NW Business Monitor unveiled at Liverpool Business Fair

NW Business Monitor unveiled at Liverpool Business Fair

The inaugural NW Business Monitor report, which tracks the confidence levels of North West Businesses on a variety of issues, was unveiled on Tuesday 21st March at Liverpool Business Fair.

Compiled in partnership between ourselves and Manchester-based independent market research consultancy, Lookout, the bi-annual North West Business Monitor (NWBM) provides insight into a wide range of issues facing the business owners and senior managers of hundreds of North West enterprises.

According to the report, 94 per cent of businesses in the region are confident about their future success and their perceptions about the future are also positive with 86 per cent saying they expect turnover to improve and 91 per cent expecting to see an increase in the number of clients or customers they have.

The impact of last year’s Brexit vote has received mixed reactions with 18 per cent saying that leaving the EU has already had a negative impact on their business. Of these, 17 per cent said they have already seen an impact on customer orders and 13 per cent said that their supplier costs have increased.

However, the report indicates that it has been ‘business as usual’ following the Brexit vote for the majority (78 per cent) of businesses in the North West.

The North West Business Monitor will be produced twice a year, providing a barometer on a range of issues facing the region’s businesses, indicating levels of confidence in the UK economy and informing future business policy.

To download your FREE copy of the North West Business Monitor 2016 Q3/Q4 report and
take part in the North West Business Monitor 2017 (Q1/Q2) survey, please visit www.northwestbusinessmonitor.co.uk.

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