Solihull firms are concerned about the damage that inflation is causing their businesses, according to the latest Quarterly Economic Survey by Birmingham Chamber of Commerce Group (BCCG).
Jane Jackson, director of Solihull Chamber of Commerce, part of the BCCG, said the survey clearly showed that Solihull businesses have had a difficult few months.
“Bad weather, the increase in VAT, fuel prices, depressed consumer spending and inflation in general have produced sluggish growth this quarter,” she said.
“However, we should remain positive. Businesses are still reporting increased sales and orders, despite being fewer than last quarter, and we should seek to build on this.”
The overall picture is mixed for the UK market with both manufacturers and the service sector reporting decreased demand in sales over the last three months.