Exports Will Fuel Economic Recovery in UK, Predicts Ego International

PHILADELPHIA, PA, June 20, 2013 (Press-News.org) According to the import and exports consultants at Ego International, a brisk exporting trade can help to spur widespread economic recovery--and this year, in the UK, exports will do exactly that, bringing greater stability to a long-shaky economy. The company points to a recent article from The Irish Times, which notes that, according to the British Chambers of Commerce, exports will help the UK to avert another economic recession in 2013--and in fact, exports may even fuel a modest economic recovery. Ego International has released a new statement to the press, celebrating this exciting news from the UK.

According to the most recent data from the British Chambers of Commerce, domestic and foreign demand for manufacturing and service companies all rose in the first quarter of 2013. In fact, export measures are close to setting a record.

The BCC has said that these results have helped to allay fears of another recession--fears that were rampant, up until the release of this optimistic new report. Indeed, the BCC says that, while the economic performance is well below the historic average, the export trends seem to point to continued growth. "Brisk exports are absolutely a great gauge of economic growth--and in this case, ample reason for some encouragement," notes Ego International, in its press statement.

Indeed, the positive export report is indicative of even more fundamental signs of economic improvement in the UK. Britain's manufacturing slump eased considerably in the month of March, with rising international demand largely to thank. At the same time, services companies have also begun to pick up some steam.

"The bottom line, as far as this report is concerned, is that British industry is growing stronger by the day, and international demand--particularly demand throughout the rest of the EU--is what is fueling it," notes Ego International.

According to the BCC report, domestic manufacturing orders rose to 14 in the past month, up from a rating of just 3 in the previous three months! Meanwhile, the export measure increased from 11 to 22. At the same time, domestic orders for service companies rose from 7 to 11, and exports rose from 18 to 26.

"This report makes it clear why it is so important to keep an eye on export figures--because they speak to much broader, more significant economic trends," Ego International notes. "It is not unreasonable to say that watching the export measure provides some gauge of the country's overall economic health. Thankfully, that seems to be very much the case in the UK."

Ego International is an import/export consultancy, located in Italy but providing services throughout the European Union; the company is passionate about uniting foreign manufacturers with top-shelf Italian suppliers.

ABOUT:

Ego International is an essential partner to the manufacturing industry, as well as a key player in import and export management in Italy and throughout the rest of Europe. The company's zeal is for connecting buyers and sellers and for helping to facilitate mutually-beneficial relationships. The company strives to provide international companies with cost-effective methods for getting parts made in Italy.