THE North East export market is continuing to improve, according to a new report.
Figures from the Free Investors’ Guide to Emerging Markets shows that regional exports are rising.
Yorkshire Bank’s Nick Parsons says there is hope that exporters can make a real impact on economic growth.
He said: “The great hope for exporters, including those from strong manufacturing areas such as the North East, is that they can repeat the performance of 1994 to 1996 when exports rose an average nine per cent per year.
“Signs in very recent data show a pick-up in UK exports in which goods represent 60 per cent of sales.
“This shows that, around the world, there is still strong demand for the high-quality goods made in the UK.”
Parsons added that opportunities for exporters were among bright spots in an economic outlook beset by the issues facing the eurozone.
He said: “These strong headwinds are unlikely to disappear in the next three to six months.”