Confidence among East Midlands businesses is continuing to make a strong comeback as the economy reopens – hitting heights not witnessed for almost three years, according to new research by East Midlands Chamber.
The latest Quarterly Economic Survey for Q2 2021 by the region’s business representation group shows recruitment, sales and investment all increased significantly as the Government roadmap out of lockdown progressed.
Its State of the Economy Index – a measure of the region’s economic health compiled by aggregating various indicators – reached its highest level since Q3 2018 as the steady recovery was replaced with big growth expectations.
More than 400 businesses across Derbyshire, Leicestershire and Nottinghamshire took part in the survey between 17 May and 8 June.
East Midlands Chamber QES Q2 2021 data
Key findings from the survey for the East Midlands included:
· UK sales increased for a net 31% of businesses, while advanced orders were up for a net 34%
· Overseas advanced orders rose for a net 11% of respondents, but overseas sales were stagnant –…
