The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Wednesday, 11 May 2011

Latest Trade Figures

Commenting on the trade figures for March published today by the ONS, Dr Brian Sloan, Head of Business and Economic Policy at Greater Manchester Chamber of Commerce, said: “The trade figures for March indicate a widening of the trade deficit and a decline in exports, which is disappointing. However with recent global events it would be wrong to jump to the conclusion that these export figures are evidence of slowdown and recent levels of exports have after all been at record levels.

“Yes, they should have been stronger, but we are making progress with exports to non-EU countries at a record level on a three-month measure. The deficit with these countries has widened and more should be done to promote the opportunities in these markets to our exporters and ensuring they can compete on equitable terms in areas such as trade finance and insurance is vital.”

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