YORKSHIRE’s manufacturers are enjoying more export successes than the service sector, according to the latest research by one of the region’s biggest business organisations.
Leeds, York and North Yorkshire Chamber of Commerce conducts its Quarterly Economic Survey (QES) in partnership with Leeds University Business School.
It reveals that overseas markets continue to present opportunities for exporters and that manufacturers are performing significantly stronger than their service sector counterparts.
More than half of exporting-manufacturers are experiencing an increase in overseas sales and orders and the majority of the sector’s growth is coming from international trade. Service sector exporters reported improvements on the previous quarter’s results, with 36 per cent saying that overseas sales have increased.
Only 23 per cent of service providers sell overseas compared to 57 per cent of manufacturers, and the service sector is more dependent on a fragile UK market, meaning slower growth.