MC Vanguard Partner Comments on Latest Merseyside Economic Survey

MC Vanguard Corporate Finance Partner, Brian McCann comments on the latest Liverpool Chamber of Commerce quarterly economic survey which shows that Merseyside businesses appear to have come through any concerns over a double dip recession.

Over 300 businesses responded to the latest chamber survey of actual and expected business performance. Here, Brian McCann, a board member at the Chamber and Partner in MC Vanguard Corporate Finance comments:

"During the second half of 2011, the surveys were suggesting that the recovery was in danger of stalling with sales and orders falling back. The survey for the first quarter of 2012 shows a significant improvement in orders and in export sales in both the service and manufacturing sectors. So far, the increase in orders has fed through to improving sales for services businesses but not yet for manufacturing companies.
McCann, Brian

As a result of this general improvement, the Merseyside economy appears to have returned to a position where more companies are recruiting than are reducing staff. There has also been a positive impact on business confidence with a majority of companies now expecting growth in both sales and profits in the coming quarter.

However, cashflow remains a major concern for most businesses with little sign of any significant improvement. The Chamber will continue to lobby both the government and the banks to turn the steady stream of policy announcements on business finance into real action quickly so as to ensure that lack of access to finance does not derail the recovery".

In responding to the survey, a number of members highlighted increases in business rates, employers NIC and uncertainty over levels of environmental subsidies as potential barriers to the recovery.

For more information about MC Vanguard Corporate Finance, contact Brian McCann on tel: 0151 255 2300 or complete a quick enquiry form.

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