North East companies are innovating as they work through new challenges post-pandemic, research from the region’s largest business organisation has shown.
The latest North East England Chamber of Commerce’s economic survey results are released today, painting a picture which reflects the worries and concerns of the recent months. Yet while it demonstrates a challenging picture of regional economic conditions, the research also uncovers firms managing to adapt.
Sales, exports, investment and cashflow are nearly all now in negative territory as a number of economic headwinds impact North East firms. More than 90% of businesses said that inflation and energy prices are of significant concern, with staff costs and staff shortages not far behind.
