Chamber calls on Norfolk businesses to give feedback on the local economy

The Chamber’s Quarterly Economic Survey fieldwork period opens today for a three week period.   The QES is the largest independent business survey in the UK and is used by both the Bank of England and the Chancellor of the Exchequer to plan the future of the UK economy.  It is also closely watched by the International Monetary Fund and others.

Now is a time of economic uncertainty, with Brexit on the horizon, the impacts from a recent Budget, and more businesses looking to improve their productivity and innovate using technology.  It is therefore more important than ever for Norfolk businesses to take part in the QES, so that those making the decisions about the UK economy can see the opportunities that Norfolk businesses can create.

Commenting on the importance of Norfolk businesses taking part in the QES, Nova Fairbank, Head of Policy, Governance and Public Affairs said:

“The results from Quarter 3 revealed that Norfolk firms in the manufacturing sector were experiencing recruitment difficulties.  In the services sector, Norfolk firms reported an increase in domestic and export sales.  Uncertainty over future trading conditions is continuing to act as a brake on business investment in both the Norfolk manufacturing and services sectors. Norfolk Chamber would encourage as many businesses as possible to take part, particularly those in the manufacturing sector.  The fieldwork period is open until Tuesday 27 November 2018, the survey is anonymous and it only takes a couple of minutes to complete.”

The  following link can be used to take part in the Quarterly Economic Survey for Q4: https://www.surveymonkey.co.uk/r/Q4QES18

 

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