Quarterly Economic Survey (QES)

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.

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.

Export documentation statistics further back up this decline with reporting a significant drop in November, after the numbers had been higher in September and October.

Q4 2020 Results

The results of the second QES since lockdown, show an improvement, whilst still demonstrating the continuing impact on the economy since the lockdown was imposed in March.

Lincolnshire businesses, across both services and manufacturing sector, participated in the survey to share their views and give an insight into business performance, confidence and concerns across the business community.

Q3 2020 Results
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