The British Chambers of Commerce (BCC), in partnership with DHL, has launched its Quarterly International Trade Outlook (QITO) for Q1 – January to March – 2017.
The QITO report is designed to give an insight into the confidence of British businesses that are trading internationally though the Trade Confidence Index. It also provides an indicator of ongoing international trade performance based on businesses’ export orders and sales figures. In addition, it aims to give businesses a better understanding of international opportunities, with a focus on dynamic new markets.
Overall, the findings of the latest QITO report show British businesses are continuing to see success from international trade despite political uncertainty. Businesses in both manufacturing and services are more confident that their turnover and profitability will increase in the coming 12 months. The volume of trade documentation issued by accredited Chambers of Commerce now stands at the second highest level since records began in 2004.
Read the full Q1 2017 QITO here: BCC-QITO-Q1-2017