Confidence high as MK businesses remain profitable

Paul Griffiths of MK Chamber ENGPNL00320130807120332
Paul Griffiths of MK Chamber ENGPNL00320130807120332

Manufacturing firms in Milton Keynes have had a successful second quarter according to a survey from the MK Chamber of Commerce.

The chamber’s Quarterly Economic Survey shows all manufacturing companies and the service sector in the city have reported their turnover has either increased or stayed the same in Q2.

It also shows 97 per cent had reported their profitability had either increased or remained the same.

The results for Q2 are compiled from responses from 38 businesses, employing 1,659 people from across Milton Keynes.

All service sector businesses stated that UK sales had either increased or stayed static during the second quarter, up six per cent on Q1.

Over the second quarter, 100 per cent of manufacturing companies reported their UK sales had increased or remained consistent compared to the second quarter.

All of the manufacturers indicated their UK order books had improved.

Paul Griffiths, chief executive of Milton Keynes Chamber of Commerce, said: “It is another positive outlook for Milton Keynes as we begin the third quarter of the year.

“Confidence among our local businesses is high and I am delighted to see sales are booming.

“The government must now support this by keeping the cost of business down in order to secure long term sustainable growth.”