The Chambers Quarterly Economic Survey (QES), is the UK’s largest independent business survey and it is NOW OPEN for responses from local Norfolk businesses. The previous quarter’s QES showed no signs of business recovery. After significant declines across all business conditions tracked by the British Chambers of Commerce in Q3, most indicators have stabilised at a low level. Profitability confidence remained at Covid-crisis levels; only one in three (34%) businesses believed their profits will increase over the coming year, while more (36%) expect a decline. Just 33% of firms experienced an increase in sales over the past three months, while 25% of firms reported a decrease, with hospitality firms the least likely to report improvements. More firms are reporting taxation (38%) and interest rates (43%) as growing business concerns. Read the full results from Q4 2022 here. The survey takes less than three minutes to complete – it is anonymous and your support would be greatly appreciated. The QES 2023 Q1 is open for responses until midnight on Thursday 9th March. Have your voice heard and take part in the QES today. Photo credit: Chamber Canva Pro
