ST HELENS Chamber’s final economic survey of 2016 suggests the borough’s businesses expect to see continued growth in the new year, despite some mixed results.

The local service sector recorded tentative improvements in the six of the 10 key economic indicators in the fourth quarter of 2016, although both sectors indicated a slowdown in domestic markets and job creation.

Looking forward, both sectors anticipate domestic orders books to improve, turnover to increase and more job creation.

Overall survey findings suggest growth will continue in 2017 at a modest pace, as both manufacturing and service sectors feel pressure from rising costs.

Tracy Mawson, deputy chief executive at St Helens Chamber, said: “In the absence of a clear road ahead, many companies have been adopting a ‘business as usual’ approach in the months since the referendum, which has kept conditions buoyant in 2016 and prevented a sharp slowdown in growth.

“While some firms see significant opportunities over the coming months, many others now see increasing uncertainty, which is weighing on their investment expectations and forward confidence.

“Businesses see rising inflation as one of their biggest concerns for the coming months and years.” and with 2017 expected to be an uncertain period for the UK economy, it is vital that more is done to support business growth. Addressing the high input costs faced by businesses in the UK, including energy costs and business rates should be a government priority at the next Budget.”