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BCC Press Release: The Trade Confidence Outlook

BCC’s Trade Confidence Outlook for Q3 2024 shows a dip in SME exporters already poor performance on overseas sales. Under a quarter of exporting SME firms (22%) saw their overseas sales rise in Q3, compared to 27% in Q2. More than half of all SME exporters (54%) saw no change in overseas sales, and 24% reported a decrease. BCC’s SME export sales indicator has consistently underperformed compared to domestic sales indicators since the pandemic. The Trade Confidence Outlook, conducted by the BCC’s Insights Unit, is a survey of just under 2,000 UK SME exporters.

Eleanor Ferrari

22 October, 2024

Business West

Driving Global Trade Forward

As a member of Business West Chamber of Commerce, you're already part of a powerful network that is driving global trade and economic growth. The British Chambers of Commerce (BCC), led by William Bain, Head of Trade Policy, is leading the way in helping UK businesses unlock new opportunities and markets. Under the banner of "Global Britain," the latest initiatives focus on increasing the flow of foreign direct investment into the UK and boosting the export of goods and services. The aim is to place Britain firmly back on the global stage as a leader in trade and innovation.

Fiona Parsons

9 October, 2024

Business West