The recent ONS Business Insights figures highlight a significant difference in confidence among transport & storage companies versus those in retail and manufacturing. A mere 9.7% of transport & storage firms expect profits to decline in March, contrasting with higher expectations of downturns in retail and manufacturing sectors. Encouragingly, 24.2% of these companies predict an increase in turnover. This shift towards optimism marks a notable improvement from previous months, signifying a general uplift in confidence within the transport & storage sector amid a mixed year-on-year outlook.
The latest Office for National Statistics Business Insights figures reveal far fewer transport & storage sector companies expect their profits to fall in March than any comparable sector.
Just 9.7% of transport & storage companies said they expect a drop in revenue, compared to 18.3% of retailers and 18.1% of manufacturers.
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