Quarterly Economic Survey
The Quarterly Economic Survey (QES) is a survey that is conducted each quarter, the results of which contribute towards and are compiled by the British Chambers of Commerce to form one of the largest independent economic surveys of businesses in the UK.
What is the Quarterly Economic Survey?
As the most authoritative national business confidence survey, and the first to be published in each quarter, the results of this survey are closely watched by both HM Treasury and the Bank of England’s Monetary Policy Committee, and help to inform decisions that impact upon interest rates and business policy. The survey itself has reliably anticipated the onset of the two recessions since the early 1990s before they began and continues to act as a reliable indicator of national and regional economic performance. The Black Country Chamber of Commerce uses the results of the survey to inform upon detailed economic performance and trends throughout the local region and beyond.
In Q4 2018 itself, and Brexit continues to dominate political headlines and conversations, positive forecasts for profitability and turnover for Black Country businesses are welcome. Across sectors, 93% of respondents suggested that turnover will increase or remain constant in the next three months. Read more in the latest Q4 2018 report.
How can I contribute?
The survey consists of tick-box questions that cover several aspects of your business, such as employment, sector, investment and external factors, and should take you approximately three minutes to complete. Please note that no detailed information is required and the survey itself is completely anonymous. The next QES will be available during May 2019, please keep an eye on our website or for further information, contact us here.
How are the survey results released?
As a Chamber, we endeavour to communicate the results of this survey to our Members through a variety of channels. For example, we publish the report and accompanying infographic on our website and also seek to distribute these directly to our Members, making sure that they remain abreast of economic trends within the region.
For further information on the Quarterly Economic Survey please call 0330 024 0820.