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Export orders boom for service sector firms

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Export orders for Britain’s service sector, which drives more than three quarters of UK output, increased for 50pc of firms in the second quarter this year – the highest figure since records began in 2007 – according to data compiled by DHL and the British Chambers of Commerce.
 
The DHL/BCC Trade Confidence Index rose to 118.12 in the quarter, compared with 114.8 in the previous quarter and a long-run average of 100.
 
The survey of 1,700 businesses also showed that 48pc of exporters said sales increased in the three months to the end of June, compared with 10pc which said they decreased.
 
More firms expect to hire this year, the survey showed, with 31pc of respondents stating they would employ more staff in 2013.
 
SOURCE: telegraph.co.uk