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Quarterly Economic Survey (QES)
What is the QES?
The QES is Britain’s largest independent business survey in the UK. It is a powerful tool for representing the voice of business to Government; the results are analysed and used by Cornwall Chamber of Commerce at a local level, and nationally through the British Chambers of Commerce.
The QES is also used by:
- The Bank of England’s Monetary Policy Committee uses the QES as one of its key benchmarks when setting interest rates.
- HM Treasury and the independent Office for Budget Responsibility use the QES to put together their forecasts for the UK’s economic performance.
- The European Commission uses the QES to assess the health of the UK economy when it makes policy recommendations for both Westminster and Brussels.
The Quarterly Economic Survey Q1 is now LIVE
This Quarterly Economic Survey will be a real indicator of the impact of the UK lockdown, and how businesses are recovering as restrictions are lifted. Providing crucial data on business activity to compare with past QES survey results.
Your Voice Matters take the survey today!
QES Q1 2020
Business Confidence and Performance
38% of businesses are operating at full capacity
45% reported an increase in UK Sales
35% reported an increase in UK orders/advanced bookings
64% are confident about their cash flow position, which has stayed the same (29%) or improved (35%);
29% say cash flow has got worse.
52% are experiencing pressure to raise prices
68% reported external pressures
Workforce and Recruitment
24% said they have increased workforce 13% have decreased
32% expect to increase workforce over the next quarter