Solihull News Column - 16th November 2017
We are currently surveying Chamber of Commerce members for our latest Quarterly Business Report. This survey provides a very good indication of business movement and the West Midlands economy. The results are likely to indicate whether firms in the region are still showing solid levels of growth despite concerns around higher prices, exchange rate variations and Brexit.
Forty seven per cent of our exports come from the EU and 62 per cent of imports go to the EU. Brexit uncertainty is affecting manufacturers that need to source components from abroad, which is food for thought among those seeking to deliver the Government's industrial strategy in the region.
There will be a need to focus on supporting manufacturers to further develop their supply base locally, with an emphasis on skills, innovation and inward investment as well as exports.