Mid Yorkshire Chamber reports mixed results
Oct 19 2010 by Henryk Zientek, Huddersfield Daily Examiner
OPTIMISM has taken a dip among companies in Kirklees, according to a new survey.
Figures from the Lockwood-based Mid Yorkshire Chamber of Commerce said member firms were less confident during the third quarter of 2010 than they were in the previous three months.
Broadly, the survey showed that home orders had risen slightly, while export prospects had slipped. Firms reported mixed prospects for employment and investment, but downgraded their forecasts for turnover and profits.
Cashflow remained a concern along with increases in overheads and the price of raw materials. Competition and finance were identified as the biggest external issues for member firms – who are based in Kirklees, Calderdale and Wakefield..
Steven Leigh, chamber head of policy, said: “These results show that Mid Yorkshire chamber members are feeling less optimistic this quarter than they were in the second quarter.”
But he added: “This slowdown in the recovery is in line with economic forecasts following the more robust figures reported last time.
“Worries have been expressed about ongoing international economic instability, underlying weaknesses in our own economy and the possible effects of the Government’s austerity programme.
“Although the deficit reduction programme is supported by ourselves and the British Chamber of Commerce, we are opposed to any significant reductions in funding which will affect infrastructure projects – particularly transport infrastructure – which we believe is both necessary and worthwhile.
“In our region, we consider that this is of particular importance to preserving our economic prosperity during a very difficult time and we continue to argue the case very strongly.”
Mr Leigh said: “These uncertainties have affected business confidence and investment decisions.
“Our members are expressing their growing unease about the effects on their businesses of price increases in raw materials and other overheads.”
He added: “The chamber will continue to lobby the Government to embrace business at the heart of its decision-making and urge them to introduce business-friendly measures to encourage investment, create jobs, and promote a stronger economy.”