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 last Norfolk QES results showed that growth in both the service and the manufacturing sectors in Norfolk had slowed over the last quarter. In particular, nearly all the key Norfolk manufacturing balances remained stagnant or fell, which painted a picture of prolonged, slow manufacturing growth.
Businesses completing the previous Q4 survey, who represented 37% of the total East of England responses, reported positive economic growth, despite another tough quarter for the manufacturing sector with most balances falling. Norfolk’s export manufacturing balances were worst hit as they declined almost to the point of stagnation. You can see the full results for Q4 here.
Has your business recruited more new employees? Are you expecting your exports to increase? 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 deadline is 5pm on Monday 14 March 2016.
