Businesses encouraged to participate in QES Survey

The second quarter for the Quarterly Economic Survey 2018 is now available to allow  businesses to highlight the strengths and limitations they’re facing this quarter.

The Quarterly Economic Survey (QES) is the largest and most representative independent business survey of its kind in the UK.

The survey looks at a wide range of issues, including; home sales and orders, export sales and orders, employment prospects, investment, recruitment difficulties, cash flow, confidence and price pressures. All participants have the opportunity to receive resulting reports.

Local results are fed into the British Chambers of Commerce (BCC) to formulate the first national economic indicator of the quarter. Published in advance of official figures and other private surveys, it consistently mirrors trends in official data and, because of this, it is closely watched by key organisations including the Treasury, the Bank of England, the Office of Budget Responsibility, the EU Commission and the IMF.

The local results are a good source of data for businesses looking to understand the economic climate in Herefordshire and Worcestershire.

The QES comprises of less than 30 tick box questions covering demand, employment, confidence investment and external factors and takes just a couple of minutes to complete.  Any business can complete the survey – you don’t have to be a Chamber member.

To take part in the survey, click here.

Please note that the closing date is Monday 11 June 2018.