CHAMBER PROFILE


Quarter Three Economic Survey Headline Results


Devon Chamber of Commerce’s recent local economic survey indicates the economy in general in Devon remains strong with good sales and orders. However the effect of increasing inflation is having an effect on profitability.


think turnover will improve in the next 12 months


54%


have seen an increase in UK Sales (+2% on Q2 2017)


45% 40%


A majority of businesses (45%) think that profitability will improve in the next 12 months


Main issues of concern for businesses are


Inflation(50%) & Competition (50%)


40%


of businesses reported they had European workers depart since Brexit


62% 100%


of businesses reported difficulties in recruiting labour from the UK


of businesses want


full access to European recruits after Brexit


55%


of businesses are operating below capacity


have increased their workforce over the past 3 months and expect this continue


84%


have reported overseas sales have incread or remained stable in the past 3 months


November/December 2017 Chamber Profile 19


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