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DHL/BCC Trade Confidence Index 3rd Quarter

DHL/BCC Trade Confidence Index 3rd Quarter

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Published by DHL Express UK

The sixth DHL/BCC Trade Confidence Index reveals good news! UK exports to non-EU countries have grown to be much larger than exports to the EU and 39% of exporters reported their export sales increased.

The sixth DHL/BCC Trade Confidence Index reveals good news! UK exports to non-EU countries have grown to be much larger than exports to the EU and 39% of exporters reported their export sales increased.

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Published by: DHL Express UK on Oct 25, 2012
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09/17/2013

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The DHL / British Chambers of Commerce
TRADE CONFIDENCE INDEX
3RD QUARTER 2012
 
B
CONTENTS
THE BRITISH CHAMBERS OFCOMMERCE
The British Chambers o Commerce(BCC) is the national body or aninfuential network oAccreditedChambers across the UK.Representing 104,000 businesses,who together employ more than 5million employees, no other businessorganisation has the geographicspread or multi-size, multi-sectormembership that characterises theChamber Network. Every Chambersits at the heart o its local businesscommunity, providing representation,services, inormation and guidanceto member businesses and the widerlocal business community.For more inormation visit:www.britishchambers.org.uk
DHL – THE LOGISTICS COMPANY FORTHE WORLD
DHL is the global market leader in thelogistics industry and “The Logisticscompany or the world”. DHL commits itsexpertise in international express, air andocean reight, road and rail transportation,contract logistics and internationalmail services to its customers. A globalnetwork composed o more than 220countries and territories and about275,000 employees worldwide oerscustomers superior service quality andlocal knowledge to satisy their supplychain requirements. DHL accepts itssocial responsibility by supporting climateprotection, disaster management andeducation.DHL is part o Deutsche Post DHL.The Group generated revenue omore than 51 billion euros in 2010.For more inormation visit:www.dp-dhl.com
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Introduction/Methodology.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.
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Executive4Summary4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4
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Key4Indicators4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.
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Firm4Size4Breakdown44.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.
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Documentation4Data44.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.
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In4Focus4–4Exchange4Rates44.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.
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Country4Guide4-4Russia44.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4.4
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FOREWORD
This is the sixth edition o the DHL/BCC Trade Condence Index and as I refecton the gures or this quarter, it is clear that the environment or exporters haschanged signicantly since our last report. The long-awaited re-balancing o the UKexport sector, towards the aster-growing economies o the developing world nowseems well and truly underway. But exporters ace a challenging environment whenit comes to accessing the working capital they need to uel growth and exportorders. It is also clear that continuing problems in the Eurozone have had an impact.The latest trade gures rom the Oce or National Statistics show UK exports tonon-EU countries have grown to be larger than exports to the EU - exports to theEU have, or many years, been much stronger. It is welcome that British business isbusting a gut to grow, increasingly breaking into new markets and expanding theirpresence in countries like China, India and Brazil.But as the results o this quarter’s TCI show – we must always be vigilant aboutthe environment exporter’s ace and ensure they are backed by the best possiblesupport. While condence in the longer-term outlook or turnover and protabilityis on the up, increasing concern about cash fow and weakening balances or exportsales and orders in the near-term, underscore the importance o taking action nowto support exporters. The BCC welcomed the government announcements in September, to increase undingor tradeshow support and to create a British Business Bank. We also welcome the statements made by the PrimeMinister recognising that enterprise, wealth creation and exports are central to uture o Britain. The challenge is toensure that policies are implemented quickly and eectively.This year has been extremely challenging or exporters, that much is clear.As we go into the last quarter o 2012, we can see that on the whole, exporters’balances remained positive despite orders decreasing. This quarter, orexample, 39% o exporters reported that their export sales increased, whichwas one o the higher balances rom the last 12 months o reports – indicatinggentle growth despite an uncertain trading environment.However, despite the broad export indicators delivering better than expectedresults, there were other indications in the bigger picture that suggesteddiculties or rms trading internationally. Exporters’ concerns includedcashfow, cost pressures and employment – although in Q3 2012, we ound thata previous area o concern, exchange rates, had eased. This is encouraging newsconsidering that much was made o Sterling gaining strength against the Euroas the Eurozone debt crisis re-erupted, causing worries that this would impactexport competitiveness.It was also promising to see that exporters have longer term condence aboutturnover and protability over the next 12 months, in particular or manuacturing exporters – with micro andsmaller businesses eeling this more than their larger counterparts.So despite continuing to ace a dicult market, it appears that exporters are still extending their orderbooks – which is creating stronger demand or UK products rom overseas markets. Those exportersmaking inroads overseas, and even those businesses just starting out, despite the vagaries o internationaltrade, are those that are directly contributing to a meaningul recovery or the UK. They need our supportrom all quarters i they are to continue to succeed.
John LongworthDirector GeneralBritish Chambers ofCommercePhil CouchmanCEODHL Express UK & Ireland

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