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About 10 hours ago
Almost half of North West businesses are planning to either export for the first time or enter a new market in the next six months, according to the latest Business Barometer report by Lloyds Bank.
While boosting sales (32 per cent) or profits (27 per cent) are the most popular reasons for doing so, 17 per cent say they have considered exporting due to existing demand from overseas, while 20 per cent want to mitigate for weak domestic demand.
About 31 per cent say do not currently export and do not intend to over the next half-year.
In contrast, 44 per cent noted that they would be confident about exporting for the first time or into a new market in the next six months, compared with 21 per cent that describe themselves as unconfident.
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