A recycling company in Newport
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South Wales Chamber of Commerce: Business confidence 'on the up'

Businesses across Wales are starting 2013 with new confidence after years of economic downturn, according to a survey of more than 500 firms.

The quarterly survey by South Wales Chamber of Commerce found 48% of small and medium-sized firms are expecting to boost profits over the next 12 months.

Chamber director Graham Morgan said the market remained difficult but business was "increasingly confident".

Firms said they expect to see growth in sales and investment plans this year.

Jordan Davies reports.

  • 08 Jan 2013
  • From the section Wales