According to the survey of 500 UK businesses, 65% of those in Yorkshire, Humberside and the North East reported at least one sign of business growth. Of the individual indicators, there was a noticeable rise in the numbers in the region experiencing increasing sales and profits since June.
Adrian Berry, chair of R3 in Yorkshire and partner at Deloitte LLP, says: "In the lead-up to the referendum businesses were displaying record-high signs of growth and while the rate has slowed, the immediate impact of the vote on businesses appears to be limited.
"In fact, more businesses are seeing their sales and profit grow. This could be attributed to the strong rate of consumer spending which having initially dipped after the vote, rebounded quickly."
The research shows that the proportion of businesses that expect their business activity to increase in the next year grew from 41% in June to 54% in September. Almost a third (32%) expect it to stay the same, while only 9% expect it to decrease.
Mr Berry adds: "While a considerable degree of uncertainty remains about when and how the UK will exit the EU, the majority of businesses believe that the next year won’t bring considerable change to their business activities. It will be some time before the UK’s relationships with the EU is formally altered so for the time being businesses should carry on as normal."
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