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Quarterly Economic Survey

Local Economy of the Future

Quarterly Economic Survey

The largest independent survey in the UK and a significant economic indicator. It helps us to regularly gather data and insight from across the UK – which directly shapes our policies. 

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Services continue to perform particularly well among UK exports, with solid increases in the past three months. Goods exports performed less well in April, as in recent months.
While the broader trend is ticking up, downside risks remain. Many businesses we speak to are still held back by skills shortages, high borrowing costs, and trade barriers with the EU.
There are further signs that the labour market is cooling as vacancies continue to fall and unemployment ticks up. However, this has yet to translate into any noticeable weakening of growth in real wages.