The full GC Situation Report contains detailed data on the economy, and results of the GC Survey and Business Confidence Index. It also provides headline data for local authorities in Greater Manchester.
Download the latest full GC Situation Report here.
GC SITUATION REPORT AND BUSINESS SURVEY RESULTS
The proportion expecting sales to increase in the year ahead has risen by seven percentage points, and the proportion expecting profits to increase has increased by one percentage point. These levels of future confidence are at a time when many challenges are beginning to bear down on business.
Future investment intentions have slightly decreased, but an increased proportion of firms are looking to increase spending on workforce development, product/service innovation, and digital transformation, compared to the previous month.
The main areas of concern/impact for survey respondents are rising costs, supply chain issues, business travel visiting clients, alongside risks of falling sales.
The main pressing challenges and business support needs focus on growing domestic sales, addressing innovation and workforce development, and developing the business plans/model.
A quarter of firms are currently recruiting staff.
The local labour market in Greater Manchester remains tight and the main skills shortages reported were ICT (basic and advanced), and sales and marketing skills.