The British Chambers of Commerce Quarterly Economic Survey (QES) is used by the Bank of England and the Chancellor to plan the future of the UK economy and over 7,000 businesses across the UK take part.
The results from Q1 2013 showed that on a national level, almost all major balances improved compared with Q4 2012, however Norfolk and the East of England results were not so optimistic, in particular, the manufacturing balance showed a dip in confidence.
The findings suggested that the overall economic outlook would improve gradually and that growth will probably be positive, but subdued this year. The results also demonstrated resilience among Norfolk businesses, many of whom are remaining confident and looking to invest and increase exports this year.
Both the manufacturing and service sectors in Norfolk showed improved confidence in their turnover, as all recorded increases. However whilst confidence was high for turnover, the manufacturing sector in Norfolk advised that they were not expecting their profitability to improve. The Norfolk service sector results showed an increase in those companies expecting profitability to improve.
Whether you are in the manufacturing or service sector – we want to hear from you. Are you looking to increase your exports this year? Let us know by taking part in this important economic survey.
The survey takes less than 3 minutes to complete, so please take the time to input into this survey to ensure Norfolk has a voice. The survey needs to be completed online by Monday 10 June 2013.
Complete the survey now. The Password is economy and your Chamber ID number is 75
If you prefer a hard copy please print the attached form and fax it back to 01603 633032.
