The Chambers Quarterly Economic Survey (QES), is the UK’s largest independent business survey and is currently open for responses from local Norfolk businesses. The previous quarter’s QES showed that Norfolk’s economic recovery had stalled in the fourth quarter of 2021 and firms were facing unprecedented inflationary pressures.
- 65% of Norfolk firms expect their prices to increase in the next three months and 78% of businesses cited inflation as a concern
- 1 in 4 (27%) Norfolk manufacturing firms were worried about rising interest rates, as concerns over rate hikes reach record high
- Just over half of Norfolk firms (47%) reported increased domestic sales in Q4, compared to 45% in Q3
- 13% of Norfolk firms reported increases in export sales orders, compared to 17% in Q3
The QES only take a couple of minutes to complete – it is anonymous and your support would be greatly appreciated. The QES Q1 is open for responses until midnight on Monday 07 March 2022. Take part in the QES now. Photo credit: Getty Images/Chamber Canva Pro usage 2022
