BUSINESSES in Bolton are optimistic about the future, according to the latest Chamber of Commerce economic survey.

The survey, which is used by key decisionmakers, including the Bank of England, was completed by 622 businesses.

The Chamber’s a u t h o r i t a t i v e Quarterly Economic Survey received one of its highest ever responses in the last quarter of 2010.

And results from businesses in Bolton showed that manufacturers in the area are leading the way, particularly smaller businesses.

There is strong demand for goods from Bolton businesses, especially from export markets, which is leading to a growth in employment.

Service sector firms are not seeing the growth that manufacturing is currently enjoying but nonetheless there has been positive job creation and intentions to recruit are also strong for the New Year.

It is expected that moving beyond January there will be good news for job seekers after a rise in claimants after Christmas.

Dr Brian Sloan, head of business and economic policy at the Chamber, said: “Government policymakers and the Bank of England sit up and take notice of this survey. “That is why the national results, of which Greater Manchester businesses form more than 10 per cent, were presented to the Bank of England’s Monetary Policy Committee on December 20 so that they can discuss the results.

“After a couple of slow quarters there is real optimism and confidence across Bolton businesses.”

Clive Memmott, chief executive of Greater Manchester Chamber of Commerce, said: “Our construction sector continues to struggle in the light of low demand.

“In spite of this, the region’s economy has for the most part had a positive year, with business failures and unemployment decreasing and business start-ups on the rise.

“Although this will be little comfort to those that lost businesses and jobs this year.

“Our members have been experiencing the downside of the public sector cuts since early June, though the private sector overall has continued to create jobs and growth.

“We believe growth will continue in 2011, albeit at a slower pace than originally thought earlier in the year, due to the VAT increase and faster deficit reduction programme.

“It is pleasing to see that some capital infrastructure investment will start in the New Year with the electricification plans for the rail network across the region; however the Greater Manchester economy does not operate in isolation of global factors.”

He added: “There are great opportunities for our strong sectors: advanced and niche engineering, environmental, financial and professional services, life sciences/medical research, ICT digital and communications.”