Quarterly Economic Survey
Uncover Vital Insights from the UK's Largest Independent Business Survey
Our flagship Quarterly Economic Survey (QES) gives us unparalleled insight into the state of UK business and the health of the UK economy.
The QES asks UK businesses if they have experienced a change in a range of indicators each quarter, including sales, exports, cash flow, investment, and recruitment, as well as the top issues of concern. It provides a wealth of data on UK business conditions and is split into three publications:
– The Quarterly Economic Survey, providing an essential overview of UK business conditions.
– The Quarterly Recruitment Outlook, looking at the proportion of firms attempting to recruit and whether they are facing difficulties doing so.
– The Trade Confidence Outlook, looking at whether UK exporters are reporting a change in exports and sales each quarter.
As the largest and most representative independent business survey of its kind in the UK, the QES is closely watched by policymakers such as the Treasury, the Bank of England and the Office of Budget Responsibility, while also attracting significant media attention.
BCC Quarterly Economic Survey: The balance of responding businesses expecting their prices to rise in the next three months
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Our latest reports
QUARTERLY ECONOMIC SURVEY
DOWNLOAD Q3 2023 REPORT
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DOWNLOAD Q4 2022 REPORT
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QUARTERLY recruitment outlook
DOWNLOAD Q2 2021 REPORT
DOWNLOAD Q1 2021 REPORT
DOWNLOAD Q4 2020 REPORT
DOWNLOAD Q3 2020 REPORT
Trade Confidence Outlook
Q3 2022 Trade Confidence Outlook
Q2 2022 Trade Confidence Outlook
Q1 2022 Trade Confidence Outlook
Q3 2021 Trade Confidence Outlook
Our flagship Quarterly Economic Survey is the largest and most representative independent business survey of its kind in the UK. The QES closely watched by policymakers such as the Treasury, the Bank of England and the Office of Budget Responsibility, and also attracts a significant amount of media attention.
Private sector surveys of businesses, such as those provided by the BCC, are some of the most important data sources for nowcasting. This is because they are highly correlated with official estimates of growth and are available well in advance of the official data.
Sample size – The survey is aggregated from businesses sourced by the Chamber of Commerce network from across the UK. Completed by over 6,000 businesses each quarter, it is one of the UK’s largest and most representative private business surveys.
Multi-sector – Covers both the manufacturing sector (25% of respondents) and services sector (75%). A high proportion of respondents from both sectors are exporters.
Company size – The survey covers businesses of all sizes, with the vast majority of respondents falling in to the SME category of under 250 employees.
Timeliness – Each quarter, the QES is made available before official statistics (such as GDP growth), and so provides an up to the minute picture of business sentiment.
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