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EXPORT RECOVERY REMAINS FLAT AMID DISRUPTION TO SUPPLY CHAINS

A survey of 2,600 UK exporters has revealed that the recovery in export sales has largely stalled in Q3. The proportion of firms reporting increased sales rose only three points (to 30%) from Q2 (27%), whilst the proportion reporting decreased sales fell by just two points (Q3:26%/ Q2: 28%).

Quarterly Economic Survey Q3: Economy Under Strain

The supply chain crisis, alongside wider labour shortages and spiralling price rises, is clearly starting to drag on the economic recovery from Covid-19.

Quarterly Recruitment Outlook – 70% Face Difficulty Finding Staff as Workforce Growth Expectations Surge

The British Chambers of Commerce today released the results of its Quarterly Recruitment Outlook survey for Q2 2021, with responses drawn from over 5,700 firms. The new figures show a surge in the proportion of firms expecting to grow their workforce in the next 3 months, as well as a notable rise from the previous quarter in the proportion who attempted to recruit. However, the data also shows the proportion of those who had difficulty in finding staff climb significantly.

Survey shows wide differences in approach to adopting flexible working practices during pandemic

New figures from the BCC show two thirds (66%) of businesses surveyed were offering remote working to employees, but there are major sectoral differences in the results.

BCC survey finds four in five firms have no plans for vaccine certification

The British Chambers of Commerce has published new survey data which show that the vast majority of responding businesses have no plans in place to require evidence of vaccination from customers, suppliers or employees.

Landmark Skills Training Report Calls For Major Reboot Of The System

Report calls for a root and branch reform of the UK’s training system to help businesses access the skills they need to boost productivity.

New Figures Show Workforce Growth Expected but Some Sectors Yet to See Signs of Revival 

The British Chambers of Commerce today released its Quarterly Recruitment Outlook for Q1 2021. The new figures show continued weakness in the job market in Q1, with 60% of the nearly 6000 businesses surveyed saying they had not attempted to recruit during the quarter. However, the percentage of firms expecting their workforce to grow in the next three months rose from 19% in Q4 2020 to 27% in Q1, the highest percentage since Q1 2020 and a return to pre-pandemic levels more broadly.

BCC and Barclays LifeSkills launch report on futureproofing the post-pandemic workforce

Report finds that new ways of working introduced during the pandemic offer opportunities for both employers and staff, highlights how supporting employees’ mental wellbeing will become increasingly important, and says equipping school-leavers with skills to deal with new working arrangements will be vital.

BCC: Concerns over Inflation Rise as Manufacturers’ Price Expectations Climb to 4-year High

The British Chambers of Commerce today announced the publication of new research which shows a rising number of firms expecting their prices to increase significantly in the coming months. The figures also document growing concern among businesses over rising inflation. The data, drawn from responses from more than 5,800 firms, shows 2 in 5 businesses (38%) in Q1 2021 expect to see their prices increase in the next three months, an increase from 25% in the previous quarter. In contrast, only 5% of firms are expecting a decrease.

Four in Ten UK Exporters Reporting Decreased Sales in Q1 2021

The British Chambers of Commerce’s Trade Confidence Outlook for Q1, released today, has revealed the stark issues facing UK exporters in the first months of this year. The survey of more than 2,900 UK exporters revealed that the percentage of firms reporting decreased export sales had increased to 41%, up from 38% in the previous quarter. The percentage of businesses reporting increased export sales fell to 20%, down from 22% in Q4 2020. 40% reported no change in their export sales.