Business Confidence Rebounds in Coventry and Warwickshire
According to the Coventry and Warwickshire Chamber of Commerce's latest Quarterly Economic Survey (QES), business confidence has seen an unexpected rise in the region.
The survey, which was conducted before the cyber-attack on Jaguar Land Rover, revealed an increase in domestic orders for both service and manufacturing businesses compared to the previous quarter. However, overseas sales remained unchanged.
The survey also showed improvements in employment prospects, investment decisions, and cash flow compared to the last quarter.
The QES is analyzed by the Business Intelligence Service at Warwickshire County Council, providing insights into the sentiment of business owners in the region.
The survey measures how business owners are feeling, indicating a positive shift in sentiment.
- Domestic orders increased for services and manufacturing businesses.
- No change in overseas sales.
- Employment prospects improved.
- Investment decisions and cash flow were boosted.
Author's summary: Business confidence rises in Coventry and Warwickshire despite challenges.