A HUDDERSFIELD law firm has reported record numbers of transactions in its latest six-monthly survey of the Yorkshire economy.
Baxter Caulfield’s latest Economic Index features business data on jobs creation, new investment and contract wins from January to the end of May.
It shows significant growth in the economic activity of private sector companies in Yorkshire.
The firm has itself seen an additional £100,000 worth of new transactional work in terms of fees for the current quarter.
Stephen Newman, senior partner at Baxter Caulfield, said: “The new data makes for very positive reading and suggests that confidence may be returning. This bodes well for our tentative recovery which has been amply demonstrated by current GDP figures.”
The research reveals that at least 1,027 private sector jobs have been created in the region while media reports show £10,000,000 of new investment by private sector business. Since January, private sector firms have also landed contracts worth £801m.
Mr Newman said: “As a firm, we are also experiencing a period of record transactional activity. We shall complete more deals in this quarter than we completed during the preceding 12 months.
“These transactions have come from a wide range of companies.
“Aside from the positive economic data, this demonstrates that businesses are starting to invest once more in growth and expansion as new opportunities emerge.”