Exporting key for North East businesses
To mark the start of Export Week, Lloyds Bank Commercial Banking has released a snapshot of export activity among small and medium sized businesses in the North East.
• Export levels are solid, with a third (31 per cent) of local firms currently selling their goods or services abroad
• For those already trading internationally, the activity generates two fifths (39 per cent) of their total sales turnover
• At the close of H1 2015, more than half (70 per cent) of businesses in the North East forecast an increase in their export activity during H2, which may in part be driven by concern over weakening domestic demand for products and services. Almost a third (30 per cent) of North East businesses said this was a worry
• Nearly a fifth (18 per cent) predicted their export levels would remain the same, more than one in ten (12 per cent) forecast a decrease during H2