Coventry manufacturers see positive signs
Manufacturers in Coventry and Warwickshire have a more optimistic outlook for the next 12 months than their counterparts in the service sector. That is the major finding of a key business survey carried out with around 180 businesses in the region by the Coventry and Warwickshire Chamber of Commerce. The Chamber’s quarterly economic survey (QES) found that 64 per cent of companies in manufacturing in the area believed turnover would rise in the next year. In the service sector the figure was 42 per cent. The QES also backed up claims that unemployment was not set to get significantly worse. In manufacturing, 35 per cent of companies said staffing levels would rise with 57 per cent saying they would remain constant. In the service sector, 22 per cent said they would take on new staff with 74 per cent saying levels would remain the same.
