Ost on Industry

Daily Post (Liverpool, England), March 14, 2012 | Go to article overview

Ost on Industry


David Ost, North West Region Director for EEF, the manufacturers' organisation LAST week we published our first quarter business trends survey and revised economic forecasts for this year and next.

The headline results show wavering confidence for North Wales companies at the end of last year has proven to be temporary as activity has turned out stronger than expected at the start of this year, whilst short-term confidence has recovered to levels reported in early to mid-2011.

This gives much credence to the view that the almost daily reporting of the crisis in the eurozone had a negative impact in the second half of last year and that the outlook for companies in our region is at least more positive.

This view is backed by the fact the most significant change reported in our survey over the past three months is the improvement in sentiment.

Output expectations have returned to levels posted a year ago and confidence about orders from home and overseas markets has rebounded.

Confirming the more positive outlook there has also been a pick in investment and recruitment plans for North Wales companies compared with the previous quarter. …

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