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East Midlands Chamber News

Chamber reaction to GDP announcement

Reacting to the Office for National Statistics announcement this morning of a third quarter of growth, George Cowcher, Chief Executive of Derbyshire and Nottinghamshire Chamber of Commerce, said:

“Today’s figures reflect the findings of our own quarterly surveys of members which show that confidence in business is increasing, manifesting itself in recruitment and investment.

“With three successive quarters of growth, the picture is encouraging. The strength of business confidence also suggests that the recovery will continue.

“These are preliminary figures and could be subject to adjustment in coming weeks but it is good to see strong performances in manufacturing and construction and if there had not been declines in gas and electricity production the growth figures could have been higher.

“The growth in the economy provides more job opportunities for workers and for those who want to start new businesses. The Chamber will be working with business to ensure this growth provides incoming sustainable wealth for people in Derbyshire and Nottinghamshire.”