THE latest Quarterly Economic Survey report for the Black Country paints a bleak picture of the manufacturing sector.<\/p>\n
Nevertheless more than half of manufacturing and two-thirds of service sector responses expect turnover to increase over the next 12 months.<\/p>\n
But expectations that profitability will improve over the next 12 months amongst manufacturers has dropped by half since its peak at the end of 2013.<\/p>\n
Commenting on the results, Black Country Chamber of Commerce president Ninder Johal said:\u00a0 “At the start of 2014 we were reporting high levels of optimism, growth and sales. It is disappointing to see exports decline so quickly.<\/p>\n
\u201cI understand that the European and Russian markets have collapsed for different reasons and that there is a slowdown in China.<\/p>\n
\u201cNevertheless, Brand Britain still counts across the world and our Export Expert programme will help identify new opportunities.<\/p>\n
\u201cThese results suggest that any economic recovery being reported is not being driven by business investment. We have seen the dangers of consumer-led bubbles in the past and yet newspaper reports suggest that underneath the rhetoric of deficit reduction and high growth lies a very dangerous set of assumptions behind how far consumers are prepared to go to supplement their falling standards of living.<\/strong><\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" THE latest Quarterly Economic Survey report for the Black Country […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4044","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4044"}],"version-history":[{"count":0,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4044\/revisions"}],"wp:attachment":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}