28th Jun, 2022

Manufacturing 'thriving' in region despite overall economic outlook drop

A QUARTERLY economic survey by the Coventry and Warwickshire Chamber of Commerce has found manufacturing in the region is thriving.

Despite this, the overall economic outlook for the region is down slightly.

Produced in partnership with Warwickshire County Council’s Economy and Skills team, the survey feeds into the British Chamber of Commerce’s national QES and is used as a barometer for the whole economy.

Business confidence among manufacturers across Coventry and Warwickshire rose to 82.9 – up by 6.9 points from the first quarter of 2016.

A similar survey in the service sector dropping by 3.2 points to 75.6 though.

Dave Ayton-Hill, who heads Warwickshire County Council’s Economy and Skills team, said Brexit and the resulting fall in the pound had impacted on the regional economy.

He said: “The depreciation of the pound appears to be pulling the economy in two directions.

“On the one hand, businesses in the manufacturing sector are seeing strong growth both from overseas markets and on domestic orders.

“However the service sector appears to be feeling the pinch slightly as price inflation is pushing past income growth.”

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “With more than 500 responses to this QES, it’s fair to say it’s a very accurate barometer of our regional economy.

“The results make fascinating reading and it’s great to see that manufacturing is growing in this area and is confident about its ability to grow in the future.

“The likes of Jaguar Land Rover are a big part of that but what we are seeing is many other manufacturers thriving in our area and growing their order books.”

Support community journalism by making a contribution

The Coventry Observer's team of journalists provide a trusted source of news, sport, entertainment and events going on in your area and issues which matter to you - both via our free weekly print edition and daily updates on our website.

Every contribution, however big or small, you can make will help us continue to do that now and in the future.

Thanks for reading this and the Coventry Observer.

Support Us

Are you on Facebook?

Like or follow our Facebook page - facebook.com/CovObserver to get daily news updates straight to your news feed.

Public Notices

View and download all of the public notices in the Coventry Observer.

Buy Photos

Buy photos online from the Coventry Observer newspaper.

Property Finder 24/7

Search for properties in Worcestershire, Warwickshire and the West Midlands.


We can provide all of your printing needs at competitive rates.