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Confidence of London firms bounces back.

Byline: JAMES BOOTH @Jamesdbooth1

LONDON business confidence bounced back in the three months to the end of June, as domestic and export sales recovered, according to data published today.

A survey by the London Chamber of Commerce and Industry (LCCI) showed 20 per cent of businesses reported increased domestic sales in the second quarter, up from 14 per cent in the previous quarter.

The number of businesses reporting declining domestic sales fell in the quarter.

Similarly, 21 per cent of exporting London businesses reported sales increases, with the number of declining sales falling.

All business confidence indicators increased during the quarter, and expectations for the wider economy also improved, although still remained gloomy.

LCCI chief executive David Frost said: "The economy of this city is hugely resilient, and its innovative and dynamic firms continue to create wealth.

"Of course the wider picture remains uncertain and businesses' broader view of the economy is not positive."

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Publication:City AM (London, England)
Geographic Code:4EUUK
Date:Jun 27, 2019
Words:154
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