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 Q3 survey, who represented 37% of the total East of England responses, reported a very limited increase in employment over the last 3 months, despite the reduction in Norfolk’s official unemployment figures. And both sectors continued to report difficulties in recruiting skilled staff. More telling was the falling employment expectation balances for both sectors in the coming 3 months.”
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 30 November 2015.
