The British Chambers of Commerce Quarterly Economic Survey (QES) is used by the Bank of England, the Chancellor to plan the future of the UK economy, it is also closely watched by the International Monetary Fund.
Why should you complete the QES? – here’s why!
As a part of the accredited Chamber network, Norfolk Chamber needs your input to ensure that Norfolk has a clear voice on our local and national economy. You can have your say by completing the QES online NOW, which takes less than 3 minutes.
The completion deadline for this survey is Monday 15 June 2015.
Norfolk key findings in the Q1 2015 QES:
- After strong increases recorded in Q4 2014, almost all the Norfolk balances for both manufacturing and services weakened in Q1.
- In both sectors, a number of key Q1 balances are now lower than their pre-recession levels in 2007.
- In Norfolk’s manufacturing, domestic balances were reduced; domestic sales (+12%, down from +13% in Q4 2014,) and domestic orders (+8%, down from +14% in Q4 2014).
- In services, the domestic balances were mixed; domestic sales (+35%, down from +51% in Q4 2014) but domestic orders increased (+29%, up from +17%).
- Most export balances weakened in Q1 2015; manufacturing export sales fell by 9 points to +21%, while service export sales fell considerably by 44 points to +16%.
- Both manufacturing and services firms have lowered their investment intentions for training, as well as plant and machinery.
More results from previous quarterly economic surveyscan be seen by clicking here.
