BCC’s Quarterly Economic Survey
BCC’s Quarterly Economic Survey
The British Chambers of Commerce (BCC) Quarterly Economic Survey (QES) is the largest independent business survey in the UK and a significant economic indicator, used by key decisionmakers. Britain’s biggest and longest-running private business survey, it has provided data since 1989, and regularly receives more than 7,000 business responses. A leading indicator, the survey often picks up big changes in the economy long before other surveys or official statistics. It is the first economic indicator of the quarter, published in advance of official figures and other private surveys, and consistently mirrors trends in official data. For this reason the survey is closely watched by policymakers such as the Treasury, the Bank of England, the Office of Budget Responsibility, the EU Commission and the IMF.
Since the COVID-19 crisis, the QES has consistently demonstrated the scale of impact on UK businesses. The survey has been essential in understanding the short and longer-terms impacts on businesses of different sectors and sizes.
The survey is quick and simple to complete. It covers a wide range of issues, including: sales and orders, investment, cash flow, confidence and recruitment challenges, focussing on whether you think things are improving, getting worse or staying the same, and asking you to identify key issues.
All data is treated as strictly confidential and will not be passed on to a third party.
To take part in the survey, please visit https://www.britishchambers.org.uk/page/quarterly-economic-survey-2. The closing date for this quarter is 16th September.
© Cumbria Chamber of Commerce