Bulletin

Exporters defy strong pound to make gains

Manufacturers are addressing Britain's weak trading performance by winning more overseas orders, the British Chambers of Commerce has said. Improving international order books, which have been achieved despite higher exchange rates, are resulting in the creation of more full-time jobs, a survey of 2,300 exporters found. Nearly half of manufacturers (46%) said that overseas orders had grown in the three months to April, compared with 36% in the final quarter of last year. John Longworth, the director-general of the BCC, said it was 'a credit to the strength and expertise of the UK's manufacturing sector' that export orders grew despite a rise in the pound against the euro. However, there was an increase in the number of companies reporting that the strong pound was hampering their ability to export, the research from the BCC and DHL warned.

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