Distribution in Bristol encouraged by positive trade figures
Britain’s trade gap shrank from £8.7 to £8.1bn since May, meaning the deficit is at its lowest for almost a year. This is very promising news for any potential tenants of our Central Park site, and is also welcomed by Business West.
Phil Smith, managing director of Business West, which runs Bristol Chamber of Commerce and the Bristol Initiative, said the figures were “yet more positive news for the economy, with longer-term comparisons signaling an improvement in the UK’s trading performance”.
He said the positive national picture was reflected in the region. Some 40% of West businesses increased their export sales, according to Business West’s most-recent Quarterly Economy Survey – a rise of 17% when compared with the previous quarter. The survey, compiled from responses by more than 400 businesses, also showed that more than a third increased export orders over the same period – an increase of 12% on the first quarter.
Source: Bristol Business News