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In its latest quarterly industrial-trends survey, published on January 27th, the Confederation of British Industry (CBI) found that for the first time in three years, more businesses were optimistic about the next year's export prospects than were pessimistic.Anyway, exporters often say that they are irked as much by the instability of the pound against the euro as by its level.
So, slightly better export prospects; what about domestic demand?
A weakened euro would seriously dent U.S. export prospects.
They were even gloomier about export prospects, with a negative balance of 25%.
Newton-Smith said: "Manufacturers are optimistic about export prospects and export orders are growing, following the fall in sterling.
Though guinea pigs are also enjoyed in neighboring countries, export prospects seem limited, not least by fragmentation.
Similar(35)
Without exports, regional prospects are less sunny.
TODAY'S recommended economics writing: Exports, growth prospects, and rebalancing (Econbrowser) An ugly first look at the quake's impact (Curious Capitalist) A decline in American entrepreneurship (Economix Apologies for light posting today and tomorrow.
German German business business confidence rose unexpectedly in November, matching a 15-year high, as export and investment prospects improved in the economy, Europe's largest.
Further estimates on software exports and growth prospects by the state government project a growth of over 12 percent, pushing up the city's export revenues to the tune of around $11.2 billion.
The Ifo Business Climate Index, considered a reliable predictor of German growth trends, indicated that managers were still generally optimistic, but somewhat concerned about exports and the prospects for business during the next six months.
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