Quarterly Economic Survey (QES)

The Quarterly Economic Survey for Quarter 3 of 2021 is now closed!

QES Q4 will start on 1st November and run until 22nd November. If you’d like to be notified when the QES opens, click here to sign up to our newsletter.

 

What is it?

The British Chambers of Commerce, together with the accredited Chamber Network, including Lincolnshire Chamber of Commerce, run Britain’s most influential private business survey – the Quarterly Economic Survey (QES).

Each quarter more than 6,000 businesses nationally participate in the QES. Businesses are questioned on a wide range of issues, including; domestic sales and orders, export sales and orders, employment prospects, investment, recruitment difficulties, cashflow, confidence and price pressures.

The QES is the first economic indicator of the quarter, published in advance of official figures and other private surveys, and it consistently mirrors trends in official data. The survey is closely watched by policymakers such as the Treasury, the Bank of England, the Office for Budget Responsibility, the EU Commission and International Monetary Fund (IMF).

See below the previous Quarters Results, going from newest to oldest for the last four quarters.

This quarter’s survey ran from 23rd August to 13th September so those businesses responding would have done so against a backdrop of reports on driver shortages and supply chain issues, increases to National Insurance, and a less than forecast monthly economic growth figure for July of just 0.1%.

Q3 2021 Results

This quarter’s survey ran from 18th May to 8th June so those businesses responding would have very much felt the effects of the further easing of restrictions and the economy opening up.

However, this quarter’s results suggest a much more positive quarter of activity for Manufacturing businesses compared to those in Services.

Q2 2021 Results

The first QES of 2021, which coincided with the Prime Minster’s Roadmap announcement, shows business confidence in Lincolnshire has taken a positive turn.

Running from 15th February to 8th March, the survey paints a more confident picture when compared with that of Q4 2020, although most indicators still in negative territory.

Q1 2021 Results

The final QES of 2020 show export sales and orders are at their lowest ever recorded, with overseas sales moving from -27 to -60 and orders moving from -43 to -57.

Q4 2020 Results
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