Firms report improved sales and increased orders

FIRMS throughout the Dispatch district reported improved sales and orders in the first quarter of the year, despite the country still being in the grips of an economic crisis.

The news has been revealed by the DERBYSHIRE AND NOTTINGHAMSHIRE CHAMBER OF COMMERCE (DNCC) after a large-scale business survey.

Overall, there was a significant uplift in the pace of growth in the local economy after a slowdown in the second half of last year.

In the East Midlands, export sales and orders improved and hit their highest level since 2008.

On the back of this, businesses are looking to create more jobs throughout the year.

Looking ahead, firms are reporting significantly increased confidence in turnover, profitability and future employment.

DNCC chief executive, George Cowcher, said: “After two straight quarters of disappointing growth, the results of the survey for the first quarter of 2012 are particularly pleasing and show that both growth and confidence is returning

“Nottinghamshire firms have an air of renewed optimism as the pace of growth in the economy increases. Higher domestic sales and orders are driving the positive business environment, with manufacturers showing marked improvements.

“That said, there can be no place for complacency. Growth in exports remains suppressed by uncertainty in the eurozone and other international markets,

“However, business confidence is slowly returning.”