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 Q2 2015 results for Norfolk pointed to continued moderate growth in the local economy over the next year. It was encouraging to see that several of Norfolk balances positively ‘bucked’ the national trend, with some results being stronger than the national balances, compared to the last quarter. However concerns over the EU and the possibility of Grexit are still causing some uncertainty within the business community and the impact of the reduced oil prices are being felt locally.
The previousQ2 QES results identified that the majority of Norfolk businesses continue to remain positive. Both the service and manufacturing sector continued to strengthen their exports, but there were some concerns about investment in plant, machinery and training and also recruitment difficulties, particularly in the manufacturing sector.
Are you more confident about your business? Have you had difficulty in recruiting new staff or have your got plans to invest in plant, machinery and training? 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 14 September 2015.
