BUSINESS professionals in Yorkshire are becoming more confident about their prospects, says a survey.
Figures from the Institute of Chartered Accountants of England and Wales said accountants in practice and companies across the region were more optimistic about key financial performance indicators during the third quarter of the year than they were in previous months.
The latest Business Confidence Monitor also forecast positive sales volumes growth for the region – rather than contraction – for the first time this year.
Gail Monnickendam, who chairs the institute’s Yorkshire regional strategy board, said firms in the region expect sales volumes to increase by 1.3% over the next year.
Export sales volumes are expected to rise by 2.8%.
Some 26% of firms in the region said they found it harder to get access to capital – against 37% of firms across the UK as a whole.
Two-fifths of firms in the region report late payment from customers as a greater challenge to performance than 12 months ago.
This represents a 23% rise compared to this time last year.